Source: TheMerkle.com
EthereumFi ($ETHFI) has seen intriguing market activity over the last few hours. The price broke through a major resistance level on the higher time frame (HTF), but aggressive sellers have increased open interest by over $20 million, leading to a significant negative funding rate.
This scenario sets the stage for a potential snowball effect once the funding rate stabilizes.
On-chain analyst The Data Nerd reported that the EthereumFi team address
Read More https://themerkle.com/market-movements-shake-ethfi-resistance-breaks-sellers-pile-in/
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Source: TheMerkle.com
