Ether Leeum Due to the volatility of the larger password market, sales pressure has increased for a long time, resulting in a sharp fullback of nearly $ 1,400. However, according to the recent trend, ETH seems to be in a calm stage as the bull is expected to rebound and gradually controls the market.
Reduction of Ether Lee's sales pressure on theory
Ether Leeum's price fell lower than the major support levels, but investors' emotions began to move to a more positive view. no way report Darkfost, a whole chain data and technical expert, shows investor's optimistic behavior in Binance, one of the world's largest cryptocurrency exchanges.
As Darkfost reported, ETH transposition,,, The sales pressure seems to disappear slowly. This reduces the amount of ETH from the platform traders and investors to offer, indicating encouraging moments for Altcoin and price trajectory.
The decrease in sales pressure on Crypto Exchange is a sign that bears and sellers are losing their control over the market after intense downward exercises. ETH price. DARFOST thoroughly investigated the Ethereum Taker Buy Sell ratio metric for Binance and released the development.
Specifically, the Taker BUY-SELL ratio is a key indicator that compares the amount of purchase orders with the order volume of the order. It also helps to visualize the prevailing tendency, which seems to be changing.
The seven-day simplicity (SAM) view of the TAKER BUY-SELL ratio has shown that the volume has been upside down to a positive territory, which has risen more than 1. Looking at the chart, the latest level of movement is the third time since the beginning of this year. Investors' elasticity during volatility.
Meanwhile, relaxation sales pressure can act as a lunch pad for price stabilization. Darkfost emphasized that it could contribute to the formation of the floor, and at least emphasized that if the pattern persists, Etherrium can be temporarily stopped.
But the expert pointed out that the trend is still so weak that it cannot be clearly concluded. Ether Leeum's price mechanics. So far, investors are closely monitoring whether the bull can use the change and promote the ETH towards short -term recovery.
ETH is out of many years of patterns
Due to the easing of sales pressure, ETH may be more likely to experience a rebound in the short term. however, altcoinThe latest fullback is likely to expand after falling below the core chart pattern.
After investigating Ether Lee's price behavior, Ali Martinez, a seasoned password analyst, discrimination The formation of a large many years with ETH falling down. According to the analyst, the rest under the pattern will lead to the expansion of ongoing fullback. ETH A low drop of $ 1,105 in the coming moon.
The main image of Unsplash, the chart of TradingView.com
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