Bitcoin and Ethereum: Liquidity Ranges and Rising Open Interest Set to Trigger Next Market Shift.
AI Summary1 min read
TL;DR
Bitcoin trades near $89,400 with high open interest, eyeing a breakout above $94,000 or below $84,000. Ethereum struggles to surpass $3,100 resistance, potentially leading to more sideways movement.
Tags
BitcoinEthereum
Bitcoin is trading near $89,400 with $28.5Bn in spot volume, while futures open interest is at $56.5Bn. Ethereum is stuck between $2,900 and $3,150, with a slow rise in open interest. Bitcoin is within a defined liquidity range, with traders watching for a move above $94,000 or below $84,000. Ethereum's failed attempts to break past the $3,100 resistance may lead to further sideways trading.
