Ethereum recently $2,707.65 It draws a large amount of assets from the stock exchanges. According to the data shared by the crypto currency analyst Ali Martinez, about 900,000 ETH exchanges in the last 10 days. This movement points to the decrease in sales pressure in the market and the increase in purchase tendency. Ethereum’s transaction price is $ 2,731, while the total market value is over $ 2,457 billion.
Great investors turned to Ethereum purchase
It was also observed that Ethereum investors purchased the major investors with the shooting transactions from the stock exchanges. In the last 72 hours, approximately 280,000 ETH has been purchased. The total value of these purchases exceeds $ 764.68 million.
The decrease in the amount of ETH in the stock exchanges can create contraction on the supply side. Investors are taking positions with the expectation that the price of Ethereum will move upward. Especially for long -term investors, out -of -stock storage wallets offer a safer alternative.
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Large -scale transactions are among the important indicators affecting market movements. The rapid purchase of investors may be the beginning of a upward acceleration in the market. However, volatility and market conditions should be considered.
Technical indicators for Ethereum give a “buy” signal
Ali Martinez, Ethereum Tom Demark (TD) SEQUential indicator of the purchase signal, he said. This indicator pointed out strong price movements at similar levels in the past. The fact that ETH is located at the lower limit of the rising channel constitutes a critical level for investors.
In the technical analysis, TD Sequental signals have caused harsh rise in the price of Ethereum in the past. The recurrence of such signals attracts the attention of market participants.
The fact that Ethereum creates strong purchase signals in areas close to the support points increases the potential of the price to move upward. However, investors should act cautiously considering market volatility. Changes in the transaction volume may provide clues about the general aspect of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
