Ethereum has attracted attention from one of the most widely followed traders in the market known as the Byzantine General, and predictions are too difficult to ignore. “Monster Candle” may be nearby.
That's how a pseudonym analyst with strong records in the derivatives space captioned ETH/USDT futures charts on vinance, sparking a quick debate in the Crypto community and beyond.
Comments come when Ethereum continues to be a major driver of the decentralized financial sector. With open interest, neutral funding and prices rolled near local highs, ETH may be gearing up for a move to define the next leg of the market.
I don't actually have anything about this, but $eth looks like he's trying to print a monster candle. pic.twitter.com/hdmm3s5dwx
– Byzantine General (@byzgeneral) September 12, 2025
In this case, the analyst is not alone in his opinion. Similar signals are discovered by other traders who closely follow derivatives.
A key number for ETH
Ethereum is trading for around $4,552 and is strongly held after a rally that received it from under $3,000 earlier this year. The same chart shows that you can notice a total open interest of $5.08 billion, indicating that traders are leaving larger positions open as volatility decreases.
Historically, this type of market behavior has often been a sign that something big is about to happen sooner than later.
Funding rates across major exchanges, including Binance, Bybit and OKX, are stable, suggesting that the market is balanced.
This supports the idea of ”monster candles”. This is because sudden shifts often follow a balanced position. The volume is stable, liquidation has settled, and conditions are open due to sudden breakout movements.
