2026-10-10 | Issue 78
Featured $ETH | Strategy Long, who linked $ETH to the succubus system
$ETH current price 2,498, direction long, buy in batches on pullbacks at 2,480-2,495. Stop loss at 2,462, target first to break through 2,535, then follow the chart's T1 2,618, T2 2,710 upwards, leverage capped at 3x. Reason in one sentence: after the 2,405 spike bottomed, the low points have been raised in three levels, shorts start paying rent today, no one can say which side the triangle consolidation will break, but the odds clearly favor the bulls.
A quick rant: after dropping more than 10% from 2,739, it didn’t die, and the late session still teased a bit making people itchy to act—who linked $ETH to the succubus system?
Shorts start paying rent
The funding side is the most interesting today. The latest funding rate is -0.012%, directly turning negative, the deepest in the entire window—translated: shorts are paying money to the longs. Looking back this week, the rate hovered around zero, bulls dared not float, shorts dared not heavily position, last week's big bearish candle disciplined both sides.
The position side is even clearer: on 10/09 net outflow was $397 million, the largest withdrawal in 7 days; but on 10/10 and 10/11 there were consecutive inflows totaling nearly $90 million entering the market. This batch of long positions is light and low cost, pushing upwards with ease.
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