Time to buy ETH? $200 Million Worth Ethereum Outflows
In the significant price decline of the entire cryptocurrency market, Ethereum (ETH) has always aroused the wave because it has attracted great attention from cryptocrete investors. Coinglass on the main chain analysis company revealed that whales, investors and long -term holders have accumulated token.
Value of 200 million US dollars, value Ethereum (ETH) flows out
data It is revealed that exchanges around the world have witnessed the outflow of ETH tokens worth 200 million US dollars. This large amount of outflow hints on potential accumulation in the mood of the market, and may cause heavy purchase pressure and further rising rally.
However, when Altcoin failed to maintain the bullish price action mode formed by its daily range, a large amount of communication began.
Current price motivation
ether The current transaction price is close to $ 2,945, and prices have fallen by more than 8.90 % in the past 24 hours. However, despite the current market sentiment and significant price declines, businessmen and investors have shown strong interest and confidence in tokens, leading to an increase of 90 % of the transaction volume.
This is the first time that ETH has been the first time that Crypto Donald Trump has won the presidential election. However, from the current price range, Ether seems to be in an ideal purchase range.
The reason is that when Trump’s world free trade transactions are close to $ 3,400, it has continued and invested in ETH.
Ether price forecast
According to the technical analysis of experts, with the decline in prices, ERH has reached its strong support area of $ 2,800.
According to the recent price action, if the price of Ethereum is higher than $ 2,800, it is likely to soar by 30 % to reach the level of $ 3,850 in the future. On the contrary, if it cannot maintain the level of support and close the daily candle below $ 2,800, we may see the next price at a level of $ 2,250 at a price of 20 %.
This loser market sentiment has pushed ETH to a downward trend because its transaction price is lower than the 200 index moving average (EMA) of the daily range.
