ETH OI Back to October Levels But This Time Bears Might Win 🐻

$ETH at $3,111 is hitting serious resistance near $3,200. Funding rates are flat at 0.003%, meaning no euphoric buying frenzy here, just balanced positioning leaning bearish. Whale leverage is dangerously high at 17x. This setup screams trap. If $3,124 support cracks, expect a fast drop to $2,967. Bulls MUST reclaim $3,200 to flip the script. Watch the tape closely.

#CryptoAnalysis #ETH #MarketTrap

ETH
ETHUSDT
1,987.37
+1.73%