- The traders inside the day have built long positions worth 201 million dollars at $ 2567 in the past 24 hours.
- Ethereum can rise by 10 % if closed a four -hour candle above $ 2700.
ethereum [ETH]It seems that the second largest encrypted currency in the world, by maximum market, is gaining recognition from the best encryption players in the industry, as its price continues to decrease.
Ethereum whales bought the decrease
On February 12, 2025, prominent Encryption expert It was published on X (previously Twitter) that the whales bought 600000 ETHEREUM (ETH) last week.
Last week, the large ETH purchased process highlights how whales benefit from the last prices, which is an ideal example of the opportunity to “buy”.
However, after consistent accumulation, whales were found recently found that conceded symbols on ethics on exchanges, as COININAS said.
Data from the immediate flow/external flow revealed that the exchanges have witnessed a modest flow of $ 10 million of ETH in the past 24 hours.
Flows indicate assets that are transmitted from long -term holders to exchange, which creates the pressure pressure. However, this flow is very low to have a significant effect.
Bets of traders worth 201 million dollars on the long side
Besides all this, it appears that merchants during the day follow the long -term holder’s approach. At the time of the press, the number of traders who hold long positions at $ 2567 is excessive, with long positions worth 201.5 million dollars.
Meanwhile, the number of traders who hold short positions at $ 2,635 is excessive, with a value of $ 60 million in short positions.
Source: Coinglass
These excessive situations in the predecessors by merchants during the day reflect their beliefs, interests and upcoming feelings. Despite the upcoming expectations, ETH is currently trading near $ 2630. It has seen a decrease in prices to more than 3.25 % in the past 24 hours.
During the same period, the feelings of investors and merchants attracted a noticeable participation, which led to a 15 % jump in the trading volume.
The basic procedure for Ethereum and its main levels
According to Ambcrypto’s technical analysis, ETH appears to be a descending triangular style in the time frame for four hours.
It is currently moving within a narrow range, which may lead to outbreak.
Source: TradingView
Based on the modern measures of historical prices and patterns, if ETH erupted and a four -hour candle closes exceeding 2700 dollars, it may rise by 10 % to reach $ 3000.
In addition, ETH is trading less than 200 days moving average (EMA) on the daily time frame, indicating tension below.
