ETH Daily – High Volume, Rising OI, and a Fight for StructureETH Daily – Volume King Leading the Rebound
At this moment, ETH shows the highest trading volume across major assets.
After the sharp crash that dragged price down to 3435$, under the 0.236 Fib level, ETH found strong support near 3738$,the 0.236Fib level.
From that level, price has now reclaimed the 4000$ mark, a psychological and technical milestone.
If momentum continues, the next resistance sits at the 0.5 Fib level around 4321$.
From a system perspective, structure remains technically bearish for now:
SMA < MLR < Price < BB Center, with PSAR still bearish (above price).
To flip structure bullish, ETH would need a daily close above the BB Center with PSAR reversal confirmation.
OI Analysis:
ETH OI +7.70% growth confirms new leveraged exposure entering during this rebound: a positive sign showing traders are adding risk rather than de-risking.
This increase in OI, combined with strong spot volume (74.6B in 24h), suggests conviction behind the recovery rather than a mere short-covering bounce.
However, elevated OI also means volatility risk is rising: if ETH fails to close above 4000$ or BB Center, liquidations could amplify the next pullback.
Bias:
Cautiously bullish, short-term momentum improving, structure still lagging. Watching daily close above 4k today and BBcenter for future confirmation.
High volume and rising OI often mark the start of a structural shift, but confirmation always comes from the daily close.
In moments like this, patience is what separates the trader reacting to price from the one anticipating the next move.
Always take profits and manage risk.
Interaction is welcome.
