BEAR12d ago
ETH Perp Markets Eye $1,850 as Bears Hold Control
Ethereum perpetual markets are under pressure as a descending channel on the four-hour chart, three consecutive weeks of spot ETF outflows totaling over $241 million, and annualized funding rates above 700% all point toward downside risk. Blackperp's engine identifies key resistance at $2,056 and liquidation support levels at $1,957 and $1,917, with the $1,822–$1,850 range as the primary bear target. Longs remain the crowded trade in a structurally weak setup.
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