OI has increased to new highs whilst Funding is at 0.024% - Longs are overweight and may be vulnerable to a flushing out.
TLDR
- ETH broke out from a pennant pattern, reaching the $2,340 horizontal resistance as predicted.
- Open Interest (OI) has surged to new highs, and Funding is at 0.024%, suggesting that long positions are overweight and may be susceptible to a flush out.
- ETH reclaimed its main uptrend and battles to stay above $2,340, which is now a potential support. RSI is overbought, and a breakdown could find support at $2,120.
- ETH's Open Interest hits new local highs at $8.47b, and the OI-Weighted Funding Rate is at 0.023%, indicating a market bias towards Long positions.
Disclaimer: Not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. “One Glance” by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. They are not signals, and they are not financial advice.
ETH 12hr
Technical analysis
- ETH formed a pennant pattern yesterday and broke to the upside, testing the $2,340 horizontal resistance as expected.
- ETH has also reclaimed its main uptrend, which is bullish for price again.
- Price is now battling to stay above the horizontal resistance of $2,340 (now potentially flipped into new support) and the uptrend line.
- If ETH sees a more meaningful breakdown, we expect the $2,120 area to hold as new support.
- The RSI is now in overbought territory on all major timeframes.
- We would look to DCA into ETH if there is a retest of $2,120.
Market mechanics
- ETH’s Open Interest has popped back to new local highs of $8.47b.
- The OI-Weighted Funding Rate has also increased to 0.023%, indicating a bias in the market to be Long, with Longs willing to pay a relatively sizeable premium to Shorts to be Long.
Cryptonary’s take
We expected ETH to move up into a new range of $2,340 to $2,640, which we believe we’re now seeing. However, in the short term, ETH will need to hold above $2,340 to establish this area as new support to continue higher. However, Funding is quite positive and indicates that Longs are somewhat vulnerable to a flush.We continue to hold our ETH positions, and we’re looking to DCA further into ETH if there is a move down to $2,120.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
