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what to expect ahead of US GDP data – TON BOT

what to expect ahead of US GDP data

The crypto market, including Bitcoin and Ethereum, is currently range-bound with reduced leverage and fragile sentiment. Traders are waiting for the US GDP print to determine if volatility will return or fade. Ethereum is in a consolidation phase with decreased open interest, while altcoins trade in narrow ranges with extreme fear sentiment. Open interest in Ethereum has declined significantly across multiple exchanges, reducing market risk. Binance holds the largest share of open interest. The decrease in open interest has reduced the likelihood of explosive short-term price movements. Ethereum is currently trading within a narrow price range with modest gains. Binance taker sell volume has reached its lowest level since May. Technical analysis shows Ethereum remains range-bound on daily charts, with decreased open interest containing immediate volatility but potentially leading to larger price movements once a clear trend emerges.


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