After a slight rebound on Tuesday with a $ 1,600 threshold Ether LeeumThe price of the price suddenly occurred at $ 1,450 in terms of notable resistance. This year’s continuous weak performance has influenced market investors’ convictions, causing significant sales pressure over the last few weeks.
The weakness of Ether Leeum grows in Biny.
The weakness of Ether Leeum has increased in cryptocurrency, especially in the world’s largest cryptocurrency exchange, Binance. Cryptoquant, darkfost proven authors and warm chains, Exposed ETH’s open interest in Binance continues to decline.
The continuous decline of interest in the encryption exchange represents the following: ETHThe derivatives market is being cooled. It also reflects that Altcoin’s lords between investors and merchants due to the battle to maintain optimistic momentum.
Darkfost emphasized it Public interest Binance continues to fall without stopping and is currently changing in 365 Simper Moving Average (SMA). The movement means that investors are withdrawn because investors are waiting for more specific signals before investors return to the market.
After a record of $ 7.77 billion in December, the public interest on Binance decreased nearly 50% in December and April, reducing nearly $ 4 billion within that period. The chart suggests that ETH’s public interest in Binance is now $ 3.1 billion, which has changed significantly in investors’ feelings for the platform.
According to the warm chain expert Ether Leeum’s price It was greatly influenced by this rapid drop, and there is no sign that the continuous downward trend will stop soon. It also reflects the recent size of liquidation and the aversion to the risks between investors.
If the trend continues, DarkFost pointed out that “Ether Leeum’s price is far from falling in the period of stability.” Therefore, DarkFost urged merchants to monitor Investor’s actions on binaryThe largest trading volume throughout the market is regularly captured by the Crypto platform, so it remains a valuable indicator.
ETH is preparing for a huge increase in the new highs.
ETH’s open interest is the biggest concern Encryption And the market is very volatile, which raises concerns about price stability. Nevertheless, many encryption analysts are convinced that the recoil may be on the horizontal line, which is likely to push Altcoin to the new top.
Market expert and trader Milkybull Crypto share As a post about the X platform, we briefly explain the potential that Ether Leeum can increase significantly in the upcoming week. At the time of the post, ETH was traded at $ 1,585, and experts said Altcoin generally marks macros. Bottom At this level. If this level is suspended, Milkybull expects a big rally and has posted the next goal to the $ 10,000 milestone.
The main image of Unsplash, the chart of TradingView.com
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