Ether Leeum As Tuesday ended, we recovered the encryption assets and exceeded the price of $ 2,600. ETH's recent upward achievements are due to some major factors of ETH's market epidemiology, including Open Interest (OI).
Ether Leeum disclosure interest rapid increase
Ether Leeum's price showed signs of the power of the rise, which caused an important change in market epidemiology. During this recent rise, ETH's derivatives market is heating up as it has been proven to be a sharp rise in open interest.
Experienced technology and warm chain analyst MAARTUNN reported that ETH's interest in the X platform has increased, signing a signal of speculative activities and increasing investors. engagement. The recent surge in public interest may be due to ETH's updated rise as it restores the level of core resistance.
According to On-Chain Expert, public interests reached a new all-time high of 71.8 million ET in the future, reaching $ 19.1 billion. The data on the chart shows that the metrics have been steadily increasing since earlier this year. altcoin.
The dramatic increase of this open profit reflects the conviction among market participants. Ether Leeum's recent price measures New interests. In addition, positive development indicates that Etherrium can prepare for volatility. It can be a big directional movement led by expectations for large evacuation or positioning before important network development.
In the meantime, Crypto expert Poseidon claim The surge in this public interest is mainly due to the increase in short positions. Analysts emphasized that investors are currently shortening the ETH as a hedge to volatility and other Altcoins maintain long positions.
Such a tendency reflects the increasingly prudent feelings Ethical investor Despite continuous upward measures. Nevertheless, experts are convinced that short positions will still be liquidated because Ether Lee is more likely to fall over $ 4,000.
ETH performance surpasses Bitcoin
Over the last few weeks, Ether Lee has seen the amazing performance of several major digital assets, including Bitcoin. Even in spite of Bitcoin is the newest surge in the newestEncryption analyst and YouTuber, Crypto Rover, Exposed Altcoin still surpasses BTC in the second quarter of this year.
Data shows this BTC In the second quarter, more than 32% growth, while ETH increased by about 40% within the same period. This remarkable inconsistency of price behavior reflects ETH's strong elasticity and strengthens its position as a major asset in the encryption market.
that ETH's optimistic performance As a sign of increasing propulsion, we can make speculation on the imminent major rise in the future, and perhaps up to the new all -time high in the bull market cycle.
Getty images' main images, TradingView.com charts
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor's team. This process ensures the integrity, relevance and value of the reader's content.
