Early this week, Ether Leeum experienced a notable rise. After the pressure period of the weakness that stopped the previous upward attempt. However, when ETH's price was seen on Thursday, it seems that this new strength has been lost. Despite these fullbacks, ETH's derivatives market continued to show strong driving force.
Ether Leeum reveals a dramatic increase in interests
As you get closer to Thursday Ether Leeum I was hit by a hit, fell below the $ 2,700 price tag, and turned the level once again. Altcoin's price has been reduced to major support levels, GlassNode, and major data analysis platforms. Reported The main development of ETH's hot chain activities.
Summarized by GlassNode, this development has recently been proven to be a surge in public interests of Etherrium cash supply futures. According to the warm -chain platform, the cash warning of futures revealed a sharp surge. New history best.
According to the platform's data, major investor behavior metrics have risen to a milestone of $ 20 billion. It is worth noting that the rapid growth of this public profit has been made after the metrics have previously been significantly reduced to $ 8 billion in the early second quarter of this year.
It is noteworthy that the future open interest is noteworthy in the new all -time highs, in light of the recent fullback, it suggests the landscape of derivatives. network We are experiencing the resurrection of activity. Merchants also indicate that they are increasingly interested in ETH without relying on encryption support. This is often a sign of more institutional participation.
GlassNode emphasized that even though there were some retreats at $ 2,800, the trader continued to increase as the trader was filled with Stablecoins. Such divergence suggests that traders are still betcoin. Expectations for major rally in the short term.
ETH's decline is based on costs based on costs.
ETH's recent fullback raised concerns as the price drops lower than the cost reference distribution in the price range of $ 2,760, $ 2,700 and $ 2,740. ETH It was purchased. As Altcoin's amazing upward movement, this level, which was previously used as a strong support, is now a strong resistance level.
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Currently, the cost -based band is more fair, and each $ 50 band has 200,000 to 400,000 ETH and range from $ 2,760 to $ 3,420. But glass node claim There is no dominant resistance up to $ 3,417 where 607,950 ETH is held.
If the price of Ether Leeum is $ 2,700 and $ 2,760, Altcoin's path is once again open at $ 3,420 points.. Nevertheless, how quickly ETH can rise to this critical resistance depends on the response of the holder of the $ 2,800- $ 3,300 price range.
Getty images' main images, TradingView.com charts
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