ETH OI is 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; it's balanced with a bearish lean. Whale leverage is dangerously high at 17x, screaming trap setup. If the $3,124 support cracks, expect a fast drop toward $2,967. Bulls MUST reclaim $3,200 to flip the script. Watch this closely.

#CryptoAnalysis #ETH #MarketTrap

ETH
ETHUSDT
2,704.08
-1.22%