Ethereum · 2026-09-11
That day's view: ①Data Trend: Open 2,438.27 Close 2,516.43, High 2,665.99 Low 2,433.77, 24-hour gain of 3.21%, intraday strong rebound, peaked at 2,665 before pullback but held above 2,500. ②Trading Volume: 639,602 ETH traded, a significant volume expansion of 84% compared to the previous day's 347,434 ETH, with price rise and volume increase showing a typical breakout structure. ③Funding Rate: +0.00295% today, a clear flip from the previous day's -0.00156%, with cross-tier recovery from negative to positive, a strong signal of bullish capital re-entering, approximately 0.6× tier still at relatively low levels but direction has reversed. ④Open Interest: 2,314,811 rose to 2,322,725, a slight increase of 0.34%, combined with price rise + slight OI increase + funding reversal → three-signal identification marker (a) healthy: new long orders actively entering driving the rebound, not short-covering rally, solid structure. ⑤Greed Index: 56, synchronized with BTC dropping to neutral bullish zone. Comprehensive judgment: 2,433 is the intraday key support, holding would be positive for continued attack toward 2,665 / 2,700; breaking down would retest 2,400; monitoring whether ETH/BTC exchange rate strength can continue, and tonight's ETF fund flows and spot buying sustainability.
Key Data
- ETH Close: UTC 2026-09-11 00:00 at $2438.27, UTC 2026-09-11 24:00 at $2512.20, +3.21% within window
- Intraday Range: High $2665.99 / Low $2433.77, Range $232.22 (9.52%)
- 24H Network-wide Trading Volume: 639,602 ETH (~$1.629B)
- Perpetual Funding Rate: 4-period average +0.00295% (09-11 00:00 +0.00063% / 09-11 08:00 +0.00611% / 09-11 16:00 +0.00500% / 09-12 00:00 +0.00006%)
- Active Buyer/Seller Ratio: 24H average 1.0687, latest 1.1307
- Long/Short Account Ratio (Retail): 24H average 2.4646, latest 2.4855
- Large Holder Long/Short Ratio: 24H average 1.2379, latest 1.2244
- Open Interest (OI): 24H net +0.34%, now at 2,322,725 ETH
- Perpetual Basis: Stable within -0.05% to +0.05% range
- Fear & Greed Index: 2026-09-11 reading 56 (Neutral)
24H Market Review
- Phase · Early (UTC 00-06): Open $2438.27 → $2468.84, +1.25%, 6H volume 64,071 ETH.
- Phase · Late Morning (UTC 06-12): Open $2468.84 → $2458.27, -0.43%, 6H volume 54,709 ETH.
- Phase · Afternoon (UTC 12-18): Open $2458.27 → $2566.72, +4.41%, 6H volume 434,432 ETH.
- Phase · Close (UTC 18-24): Open $2566.72 → $2516.43, -1.96%, 6H volume 86,390 ETH.
Upcoming Macro Calendar
- 🔴 2026-09-11 (Fri) · US August Consumer Price Index (CPI, YoY/MoM) · Impact: High
- 🔴 2026-09-16 (Wed) · Fed September Rate Decision · Impact: High
- 🔴 2026-09-17 (Thu) · Fed Chair Press Conference (Powell) · Impact: High
- 🟡 2026-09-25 (Fri) · BTC September Options Expiry (Deribit) · Impact: Medium
Multi-player Competition
- Stage 4 (UTC 18-24) single-stage sharp drop -1.96% + concentrated volume 86,390 ETH | Touched window low $2433.77, typical "bearish event triggered concentrated selling pressure" pattern
- OI 24H net +0.34% near neutral | OI net +7,914 ETH, capital not significantly withdrawn but also not actively building positions
- Amplitude 9.52% high volatility reflects intense multi-player competition | 24H amplitude 9.52% hit recent high, price volatility rising = increased position risk
- Stage 3 (UTC 12-18) single-stage rebound +4.41% + volume 434,432 ETH | Touched window high $2665.99, typical "technical rebound after bearish event" pattern
- Large holder L/S ratio 24H average 1.24 institutions slightly bullish | Large holder L/S 24H average 1.24 / closing 1.22, showing institutions maintaining slightly bullish stance within window
- Active buying pressure closing 1.1307 > 1.0 buying pressure returning | Closing taker buying returning, showing market has buying support near $2433.77