Ether Leeum (ETH) is traded at more than $ 4,400 during the market week. According to CoinmarketCap data, Altcoin recorded 4.21%of net profit per week, but more careful shades were introduced due to a rapid paragraph of 7.14%of the week this week. Crypto analyst AMR TAHA explained both short -term and long -term market prospects based on the recent exchange flow and futures market activities as ETH was integrated sideways.
Sealed Funds to optimistic chain flow: Ether Lee Router at intersection
In Cryptoquant's recent Quicktake post, TAHA provides valuable insights to Ethereum's price trajectory because both the futures market positioning and exchange balance are seriously changed. When Crypto EXPERT studied the recent development of the derivatives market, the ETH price decreased by 29% over the last two days after the ETH price dropped from $ 4,700 to $ 4,400 in the last two days.
In addition to the weakness, the permanent future funding rate has changed from major exchange to negative. Negative funding rate occurs when a short position is dominated. In other words, the merchant pays money to maintain a weak bet. This reflects the predominant pessimism, but AMR TAHA shows that history often coincides with irrational conditions and can rebound when other strong catalysts appear.
In this derivative market, Spot Market Data draws another picture. Recently, TAHA explains that about $ 888 million with 200,000 ETHs withdrew from the main central exchanges. Coinbase saw a 128,000 eth leak and Binance recorded 72,000 ETH and left a platform.
In general, large -scale withdrawals are often interpreted as a strong signal. Investors generally move to cold storage wallets for long -term holding or staying when removing funds from trading platforms, indicating trust in future price audits. In addition, there are cases where institutions can move their assets to exchange (OTC) transactions that can be purchased without prescription.
These double stories, that is, weak derivatives and optimistic spots emphasize the complex short -term prospects of Ether Leeum. On the other hand, according to the negative financing rate and the falling interest, the traders are prudent and expects more disadvantages in the short term. On the other hand, the reduction of exchange balance reduces immediate sales pressure and creates conditions that can support strong price floors.
Interestingly, AMR TAHA also pointed out that similar ethical outflows were ahead of remarkable rally on the exchange because of the decrease in exchange liquidity and showing the potential of long -term price rally.
ETH price outline
Ether Leeum for Press Time is $ 4,446, reflecting an increase of 0.19%last day. In particular, investors' interest is drawing attention to the level of 4,400 support in the upcoming session. The decisive bounce can verify the view that Ether Lee is in excess, but continuous weaknesses can resume areas with low ETH before potential recovery.
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