In the last few weeks Ether Leeum The weakness of the weakness that interferes with the growth of assets has increased, and it is surprisingly well performed when the price tag of $ 2,500, which is invisible for several months. ETH's new rise is believed to be caused by some major factors, but one element tends to be noticeable in notable price growth.
The main driver behind Ether Leeum's recent surge
As the market has been improved, Ethereum has surged after $ 2,500 with a decisive decisive movement that is notable for assets. However, GLASSNODE, a major financial and on -chain data platform, Exposed There is an important catalyst after notable upward behavior.
Some factors were considered to be strengthened Ether Leeum's new riseGlassNode stressed that more than $ 1,800's rapid movement and $ 2,500 were led by low supply concentrations in that range. This is the price range altcoinConversely trajectory.
Development shows the elasticity of Ether Lee in the recent market situation Strongest long -term outlook In the second largest digital asset. However, after a slight surpassing the price range of $ 1,800 to $ 2,500, ETH's rally faced a significant resistance at $ 2,580.
According to all chain data, more than 1.3 million ETHs were maintained at the price level, which is the next major area that Bulls must overcome the fire to continue to rise. In addition, GlassNode pointed out that the supply fell to a million ETH at this point, showing that the prices were closer at this point, and the holders were leaving the market near the cost standard.
All chain expert and merchant Ali Martinez Underline The main level of the price mechanics of ETH after exploring the global/out of Money Metric. The main metrics show the behavior and interest of the holder at a specific price level.
After his test, Ali Martinez pointed out the critical price range between $ 2,060 and $ 2,420. According to the whole chain analyst, at this point, investors have a significant amount of ETH, so Ether Leeum's most important support floor.
Martinez said that more than 69 million ETHs are held at the level with about 10 million wallets. With ETH Now, trading beyond the price range, which can act as a strong support for Altcoin on an imminent attempt.
ETH's financing rate is positive
Kyle Doops, a market expert, showing optimistic behavior. gist The financing rate of all encryption exchanges remains flat. ETH's financing rate continues to be flat that merchants do not enter over excessively used positions despite their recovery.
But Kyle Doops emphasized that ETH's upward performance is not the center of leverage. Rather, movements are mainly driven by actual spot demand. This is due to steady purchasing activities without wild liquidation and leverage noise. When the future begins to pursue, experts ETH can show significant growth in the upcoming few weeks..
Pixabay's main image, TradingView.com chart
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