ETH is getting restless again! After the plunge, it rebounded strongly and leverage soared 8.2%. Will bulls counterattack or is it another trap?

Vitalik 2025-10-15 22:12 23923人围观 ETH

Enter the community for free, do not push the exchange, do not follow the link to enter the skirt. Add Q: 2374879382 Ethereum (ETH) is restless again! In last Friday’s “epic plunge”, ETH fell to $3,450, and the entire market was liquidated with tens of bi

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Ethereum (ETH) is restless again! In last Friday’s “epic plunge,” ETH fell to $3,450, and tens of billions of dollars in leveraged positions were liquidated across the market. But just when everyone thought it was going to cool down, ETH stabilized its pace, and now it is showing signs of a strong rebound.

Leverage is back: ETH OI surges +8.2%

The latest data from on-chain analyst Maartunn shows that Ethereum’s open interest (Open Interest) surged 8.2% in the past 24 hours.
This shows that traders are "leveraging" again - the market is active again and speculative sentiment is heating up.

To put it simply: some people are being liquidated in panic, and some are already "retaliating and going long".
This type of leverage rebound is often the trigger for short-term market conditions.

However, Maartunn also reminded:

“75% of similar moves will eventually reverse, and only 25% will continue into a true upward trend. ”

In other words, the current rebound is both an opportunity and a risk.
If the capital flow continues to come in and the spot market can take over, ETH may reach a new high.；
But if the leverage is too aggressive, it may be another "roller coaster".

Technical: ETH bulls are counterattacking

ETH has bounced off the 200-day EMA (red line) and is now holding steady near $4,150.
After this strong rebound, the market is paying attention to several key points:

Resistance zone: $4,250–4,300 (a breakout is needed to confirm a reversal)
Support level: US$3,950–4,000 (if it cannot hold, it may test US$3,600 again)
If a stabilization is successful, the next target range would be $4,500–4,750

Trading volume is increasing, MACD is showing an upward signal, and short-term bulls have indeed regained the initiative.

Institutions are still buying! Becoming more and more confident

On-chain data shows that large investors and institutional funds continue to increase their holdings of ETH.
When the market is at its most panicked, they choose to increase their positions, which often means:

“Smart money” sees value in the future.

Especially as the topics of ETH ETF, L2 ecology and staking income heat up again,
The market remains confident in the long-term trend of Ethereum.

To summarize:

Leverage is back, and ETH is on fire again. But is this rise "an acceleration before taking off" or a "trap before the surge"? Everything depends on whether the bulls can hold on to the $4,000 defense line!
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