ETH Futures Analysis for Today

Ethereum Futures Analysis for Today

Financial Instrument: Ethereum in the future
Price at the time of analysis: 3,690

Key levels to watch in ETH Futures

Bull above 3,733

Why Bullish above?
Move up 3,733 signs that the price has exceeded yesterday High Value Area (VAH)critical resistance level. This break could signal buyer strength and open the door for more upside.
Profit targets for long positions:
- 3,762: A major resistance level where there could be profit.
- 3,790: Extended target near the next defense zone.

Bearish below 3,677

Why Bearish below?
Break down below 3,677 the price would be put below the price of today and yesterday Low Value Range (VAL)identifying weaknesses and potential trends in salespeople's control.
Profit targets for short positions:
- 3,642: Level just above the Point of Control (POC) two days ago.
- 3,589: The VWAP from two days ago, acts as another potential support level.
- 3,563: The VAL from two days ago, representing an extended bearish target.

ETH Futures contract highlights

Size: 787 contract
Open interest: 14.93K deals
Contract size: 50 Ethereum per contract
Next Month: ETHF2025

ETH Futures Performance Metrics

1 week: +8.98%
1 month: -4.12%
3 months: +49.76%
6 months: +18.97%
Year to Date (YTD): +9.04%
1 Year: +65.25%

The performance metrics show strong long-term gains over the past year (+65.25%) and the past three months (+49.76%), despite short-term weakness in the month which went (-4.12%).

Understanding the Mechanisms Behind ETH Futures Analysis

VWAP (Volume Weighted Average Price)

VWAP is calculated by dividing the total dollar value of the trades by the total size of the trades. It provides a criterion for fair value:

Above VWAP: Showing bullish strength.
Below VWAP: Suggests bearish pressure.

Value Range Concepts (VAH, VAL, POC)

High Value Range (VAH): The upper end of the price range where 70% of the trading volume occurred, often acts as a resistance.
Low Value Range (VAL): The lower limit, usually a support level.
Point of control (POC): The price level with the highest trading volume, often serving as a magnet for price action.

Takeaways for ETH Futures today

Bullish Position: Break out above 3,733 targets 3,762 and 3,790 for profit opportunities.
Bearish Outlook: Movement below 3,677 that could lead to trials 3,642, 3,589and 3,563 as potential downside targets.
Trading Guide: Use the highlighted levels to plan your trades, and keep a close eye on price action at these key areas.