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no one’s talking about how futures are basically the ex taking control of Ethereum’s direction 🧠🔥👀🤯
ethereum spot volume weakening with futures dominance: potential consolidation or pullback amid uncertainty; low spot liquidity heightens volatility risks, shifting market dynamics towards futures-led
Ethereum is testing $3,150 support post-recovery, with uncertainty lingering amid market volatility. Some see consolidation as a recovery’s start, while others warn of potential pullbacks. Spot volume decline shifts market dynamics, making futures more influential in price direction. Low spot liquidity heightens volatility risks, as futures-led momentum can dictate price swings. Futures market trends are crucial for Ethereum’s near-term direction, balancing potential gains with threats of downward pressure. Weekly chart shows ETH stabilizing near $3,140, aiming to surpass key resistance levels for sustained recovery. Volume uptick signals renewed interest at lower levels, but ETH must demonstrate strength to avoid deeper consolidation.
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Ethereum spot volume weakens as futures take control of price direction
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