Ethereum · 2026-09-09

That day's view: Yesterday ETH closed at $2468 (open 2485, high 2523, low 2442), daily candle closed negative 0.68%, showing a spike-and-drop pattern, full-day range of 3.27% slightly larger than BTC, volume of 301,746 ETH essentially flat vs previous day, buy/sell forces relatively balanced but selling pressure slightly dominant. Funding rate average +0.00391%, in the lower end of neutral range, long funding cost no longer attractive, short funding advantage also not obvious, market wait-and-see sentiment rising. OI increased from 2,251,624 to 2,257,360 contracts, single-day expansion 0.25%, price decline accompanied by rising open interest, consistent with signal (b) short buildup; Funding neutral and not flipped negative, indicating this is not panic selling but proactive defensive short additions after high-range stagnation. FGI reading 66, synchronized with BTC maintaining greed zone, no individual sector sentiment deterioration observed. Comprehensive judgment: ETH currently in "structure weakening but not broken" phase, 2440 area (yesterday's lower boundary + earlier platform support) is key bull/bear watershed, breaking below confirms short-term top and opens downside; upper 2520-2550 zone has dense trapped positions, breakthrough requires volume confirmation, otherwise viewed as consolidation with bearish bias. Relative to BTC, ETH funding sentiment and position structure both appear weaker, following market with less elasticity, event to watch: tonight US CPI data, if inflation exceeds expectations ETH will face more pressure due to risk appetite decline, recommend reducing leverage, shorting on rallies has higher win rate than chasing longs.