Ethereum · 2026-09-24

That day's trend: Neutral leaning bullish

That day's view: ETH Intraday V-shaped reversal synchronized: Open 2684.7, Close 2688.05 (+0.12%), Intraday High 2706, Low 2600.15 (-$105.85), Late session recovery but underperformed BTC, Volume 266,808 ETH vs 7-day avg 336,552 contracted -20.7% (significant contraction), Funding 4 periods 0.526%→0.518%→0.647%→0.277%, Last period -57% significant drop from prior, OI 2,297,741 → 2,269,583, -1.23%, Taker last period 0.77 slight buy + top_acc_ls last period 1.524 vs first period 1.654, -7.86% large accounts reducing longs in reverse caution, FGI 71 unchanged, Judgment (c-mix) short covering + large accounts counter-trend reducing longs, price unmoved but top_acc reducing longs requires vigilance, healthy buy signal weakening, Key levels 2600 / 2706, Watch 9/25 options expiry + 10/2 NFP preview dual catalysts.

Key Data

ETH closing price: $2,684.70 at UTC 2026-09-24 00:00, $2,691.50 at UTC 2026-09-24 24:00, +0.12% within window
Intraday range: High $2,706.00 / Low $2,600.15, range $105.85 (3.94%)
24h whole-network volume: 266,808 ETH (~$713M)
Perpetual funding rate: 4-period average +0.00492% (09-24 00:00 +0.00526% / 09-24 08:00 +0.00518% / 09-24 16:00 +0.00647% / 09-25 00:00 +0.00277%)
Active taker buy/sell ratio: 24h average 0.9873, latest 0.7674
Long/short account ratio (retail): 24h average 2.7503, latest 2.6955
Large account long/short ratio: 24h average 1.5491, latest 1.5505
Open Interest (OI): 24h net -1.23%, currently 2,269,583 ETH
Perpetual basis: Stable within -0.05% to +0.05% range
Fear & Greed Index: 71 on 2026-09-24 (Neutral)

24H Market Recap

Phase · Early (UTC 00-06): Open $2,684.70 → $2,682.52, -0.08%, 6h volume 36,207 ETH
Phase · Late morning (UTC 06-12): Open $2,682.52 → $2,647.68, -1.30%, 6h volume 70,931 ETH
Phase · Afternoon (UTC 12-18): Open $2,647.68 → $2,669.72, +0.83%, 6h volume 100,043 ETH
Phase · Closing (UTC 18-24): Open $2,669.71 → $2,688.05, +0.69%, 6h volume 59,627 ETH

Upcoming Macro Calendar

🟡 2026-09-25 (Fri) · BTC September options expiry (Deribit) · Impact: Medium

Long/Short Game Analysis

Phase 2 (UTC 06-12) single-phase sharp drop -1.30% + concentrated volume 70,931 ETH | Hit window low $2,600.15, typical "concentrated selling pressure triggered by bearish event" pattern
OI 24h net -1.23% longs and shorts simultaneously deleveraging | OI net -28,159 ETH decrease, both sides actively reducing positions, typical deleveraging state
Active selling 24h average 0.9873 < 1.0 sell-side dominant | Taker consistently sell-side dominant, though late session 0.7674 buy-side returned but price showed no effective rebound
Phase 3 (UTC 12-18) single-phase rebound +0.83% + volume 100,043 ETH | Hit window high $2,706.00, typical "technical rebound after bearish event" pattern
Large account long/short ratio 24h average 1.55 institutional slightly bullish | Large account L/S 24h average 1.55 / late session 1.55, shows institutions maintained slightly bullish stance within window
Close $2,688.05 holds within $2,600.15-$2,706.00 range | 24h price held within window range, did not break below lower boundary = short-term support valid