Ethereum Price Fails Key Breach; Investors Sell $1.3 Billion ETH
Ethereum (ETH) is the second largest cryptocurrency of market capital, and faces continuous struggle throughout the year.
Although there are many attempts to restore the motivation, Ethereum is sometimes less than 3,000 US dollars, reflecting the inability to maintain recovery. The lack of upward movement has triggered the caution of investors, which has led many people to sell their holdings to gain profits.
Ethereum investors run out of patience
The emotions around investors Ethereum has changed It is worth noting that as the holders are uninstalled with more and more doubts. In the past week, more than 410,000 ETH has been sold, worth more than $ 1.3 billion in ETH. In the increase in ETH supply of the exchange, this soaring soaring is obvious. This clear signal indicates that investors are using the recent price action instead of holding long -term returns.
The rise in sales pressure highlights the decline in confidence in market participants. They do not seem to believe that Ethereum maintains meaningful rehabilitation ability. The lack of strong upper -price action has further exacerbated uncertainty, leading to transfer to profit behavior.
Ethereum’s macro momentum shows the prospect of mixed. The network value of the transaction (NVT) signal is the key indicator for evaluating valuation, which has dropped to a low point of 25 months. This shows that Ethereum is currently undervalued. From a historical point of view, this indicates the potential of recovery and has been long -term in the medium for a long time.
Underestimation of NVT signal display Can prevent Etheri From experiencing sharp correction, it brings people a hope of reversal. If this underestimated position has attracted new interests, then ETH may have the opportunity to stabilize and promote its current obstacles.
ETH price prediction: invalid disorder
Ethereum price At present, due to trying to violate $ 3,530, it currently holds a support level of $ 3,303. Last week, cryptocurrencies fell to $ 3,131, emphasizing its continuous struggle to maintain a bullish momentum.
In view of the current conditions, Ethereum may continue to merge at a resistance level of $ 3,530. Failure to recover this key obstacle may reduce ETH to $ 3,131, which further weakens market confidence.
On the other hand, successful violations of $ 3,530 can be marked A Ethereum turning pointEssence Such a move may push the price to $ 3,711, thereby restoring investors’ confidence and invalidation of the prospects. However, continuous purchase pressure and favorable market conditions are essential for this situation.
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