The recent market trend is Ether Leeum Price Discussion. In particular, ETH has been steadily gaining propulsion, and the price is now It is closer to the new all -time high. Over the last few days, major ALTCOIN has been able to increase the surge in network activities, increase demand and replace exchange. The main driving force for potentially explosive movement.
Network growth leads Etherrium price to a new ATH.
Ether Lee is fast access Best AS ever before Network activities have soared In unprecedented level. According to Cryptoquant, a thermal chain analysis company Daily Ether Leeum Transaction Number It climbed to about 1,875 million, and the demand for user participation and network has increased strongly.
The surge in this activity was consistent with the following: ETH price rapid rally At the end of July, from about $ 3,150 to $ 4,563 in August, cryptocurrency was deployed within a noticeable distance of historical peak. Ethereum is currently trading at $ 4,737, which is 2.67% away from ATH exceeding $ 4,867. The bull runs in November 2021.
In the last month, Ether Leeum Strong upward trajectoryAccording to CoinmarketCap, it surge about 60%. Momentum has been strengthened only last week, and Cryptocurrency has risen more than 27% Excellent performance Bitcoin 124%since the market rose in April. If this strong run continues, the ETH may be just before setting a fresh ATH and indicates the historical moments of the encryption market.
Added to positive emotions is the Netflow SMA30 of Ethereum, which is encrypted. release Currently at -40,000 ETH. Based on the chart, continuous outflow is a signal that investors are moving to hall storage with cold storage rather than maintaining exchanges for fast sales. Reduction of sales side liquidity Increased purchase pressure.
This trend was especially noticeable between late July and early August. On August 12, Ether Leeum saw a significant net inflow of 186,000 ETH, and the price of the same day was $ 4,589. This is not only an increase in network activities, but Accumulation.
Short pressure risks and ETF inflows are added to the amount of exercise
Market analyst Coin Bureau while ETH prices surge warning It can cause more volatility into the market, causing the cascade of the new peak, which is the shortest peak. The analyst predicts that it is almost $ 2 billion. Short position Traders can be deleted to re -purchase altcoin and accelerate the rally at a higher price.
Interestingly, Ether Leeum’s rapid price increase is also being amplified by increasing institutional demand. Encryption analyst Ted pillow Reported X on social media posts Spot Ett. ETF In a day, it attracted a huge amount of $ 77.9 million. Institutional FOMO You can return to the market. Demand with this ETF boom Ether Leeum Financial Company It also rose sharply by strengthening ETH’s strength.
Istock’s main image, TradingView.com chart
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