Ethereum Price Eyes Reversal as ETH/BTC Hits Key Support, What's Next?
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Ethereum is testing a key support level on the ETH/BTC pair, with mixed signals emerging. While futures open interest hit a record 10.23M ETH, network fees dropped 50% in 7 days, indicating reduced on-chain activity. Analysts are watching for potential trend reversal, but caution remains high.
March 22, 2025 | 1:15 am
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NEUTRAL IMPACT
Ethereum is at a multi-year support zone, with potential for trend reversal. Increased futures open interest and whale accumulation suggest possible bullish signals.
ETH is at a critical technical support level from late 2020. Mixed signals include record futures open interest and declining network activity. Neutral outlook due to lack of clear breakout confirmation.
CONFIDENCE 75
IMPORTANCE 90
RELEVANCE 100