According to the warm chain data from the analytical platform Santiment, Ethereum's exchanges have fallen to less than 4.9%, falling to an all -time low. This represents the lowest level recorded in the history of more than 10 years and emphasizes the dramatic change of investor behavior. This is especially the main indicator of Ether Leeum, which has emotions surrounding cryptocurrency. It is getting stronger.
Ether Leeum for the exchange was less recorded.
Ether Leeum (ETH) is currently trading about $ 2,530, and in April, it will recover to about $ 1,385. In particular, the price behavior of ETH in the last seven days It is displayed with intense volatility. After reaching the vertex at about $ 2,730 The price is faced with resistance And it dropped to less than $ 2,600. Despite this fullback, as a whole Market sentiment is still optimistic.
Before and after Ether Lee's price measures, the whole chain data shows that the trend of ease of ETH tokens, which can be traded on the encryption exchange, decreases. There is a patriarch SANTIMENT data Only 4.893%of all ETHs were held on the trading platform. Interestingly, over the past five years, more than 15.3 million ETHs have withdrawn from the exchange.
This historical minimum can be partially due to the increase in ETH staying over the last five years since the Etherum 2.0 upgrade began. The side effects of this were continuous reduction in exchange liquidity. However, this decrease also limits the amount of ETH that can be used for spot sales, reducing the type of sales pressure that usually causes a sharp drop in prices during the market modification.
Cryptoquant's chain data We support this reinforcement supply storyThe whale wallet between 10,000 and 100,000 ETH shows that more than 450,000 ETHs have been accumulated last month alone. These Large acquisition When the exchange balance is reduced. Cryptoquant's chart shows how the whale balance has soared as Etherum prices have risen since April 7.
Raoul Pal predicts that ETH prices will explode.
The optimistic chain data was reversed by Raoul PAL, a famous macro investor and encryption analyst. ~ Inside Recent interview, PAL talks about Ether Leeum's explosive potential, saying, “ETH thinks people will probably go forward. His view is based on the following: Altcoin season entry.
As it stands, all eyes are in a $ 2,800 resistance. According to technical analysis, it turned out that there was a golden cross. Recently confirmed 12 -hour chart of ETH. In this technical formation, clean brake out can open the door. $ 3,000 and $ 4,000, Especially if Bitcoin maintains the current momentum On the way to the new record of the new history More than $ 108,800.
The main image of Adobe Stock, the chart of TradingView.com
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