Ether Lee is exploring new volatility with constant profits and optimistic momentum for several weeks. The second largest cryptocurrency in the world has surged to the highest level in a few years, but the bull is now in battle to defend $ 4,200. This price has emerged as an important short -term support, and institutional buyers continue to accumulate ETH despite turbulence in a wider market.
What stands out at this stage is the exchange inflow of Ether Leeum compared to Bitcoin. Over the past month, the two assets have shown a rapidly different pattern. The inflow of Bitcoin was relatively gentle, but signal stability and sales pressure was limited, but Ether Leeum showed a significant increase in coins.
This difference suggests a more dynamic market structure of Ether Leeum. Increased inflow can show the relocation of large -scale investors who get the benefits of long -term holders, volatile or prepare the upcoming catalysts. Nevertheless, institutional interest continues to support Ether Leeum's long -term prospects, along with basic strengthening, such as the reduction of supply of the exchange. The trader now closely watches if ETH has $ 4,200 and stabilizes other legs higher.
Bitcoin vs. Ether Lee: Exchange
According to Cryptoquant's warm chain data, Bitcoin (BTC) and Ethereum (Ether) show clear radiance in the inflow of exchange and signal very different mechanics in the market. The inflow of bitcoin was maintained in a suitable state, resulting in fluctuations between 12,000 and 70,000 BTC a day.
There was a short spike in mid -July and around August 1, but this movement did not last longer to suggest a wider trend. This stability reduces immediate sales pressure because the BTC holder does not rush to exchange. In addition, despite the recent volatility of price behavior, we strengthen the idea that the feelings of bitcoin remain relatively stably.
But Ether Lee is telling a different story. In the last few weeks, the inflow of ETH has soared, and more than 2 million ETHs have been repeated in mid -August, and the inflow of daily exchange of 2.6 million ETH has increased repeatedly. This is rapidly increasing compared to the end of July, when inflow often leads to less than 1.5 million ETH.
This high activity suggests that the profits increase profits from large -scale relocation or ETH's strong rally among major holders. This data emphasizes that Ether Leeum is entering a more active transaction stage and introduces short -term sales pressure that can affect price directions.
Discussion is impressive. The inflow of bitcoin is relatively calm, while Ether Leeum inflow signals have strengthened market activities. This imbalance means that the trader must watch the ETH closely. This is because continuous exchange inflows can serve as a stepping stone to the updated rally depending on how to reduce correction or how the market digests additional liquidity.
Technology Details: Main price level
Ether Lee's recent price behavior has been remarkable for a few weeks, following a strong strength. ETH, which reached its peak near $ 4,790, withdrew to about $ 4,272, reflecting a 11% reduction. This move returns the price to the critical support area for $ 4,200, where the bull is currently trying to defend the additional downturn.
The chart has a much higher major movement average (50, 100 and 200 days), which is all heading up and strengthening the wider strength. Despite the rapid reversal, ETH still prefers buyers, as ETH maintains higher high and higher lowest levels since the reversal of this year.
The failure of less than $ 4,200 can be opened at $ 3,800- $ 3,900, while successful defense can set up a stage for another attempt of $ 4,800- $ 5,000. Overall, Ether Lee's chart continues to be strong, but volatility is still high.
DALL-E's main image, TradingView chart
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