In this video I discuss the ongoing strong ETH rally and some of the components that is make it a very strong one.
ETH is hitting here some resistance in the books and there is aggressive short selling in the forward futures market (not the perpetual swaps)
The video goes through that is going with Futures and why it is in backwardation.
Everyone is very keen...
Ethereum still looking terrible. Didn't break major resistance levels and now retesting lower lows once again.
No reason to be bullish on ethereum while we don't see significant bounce on strong volumes but also breaking the dynamic trendlines and quarterly opens outlines in the video.