Main meals
Ethereum reserves fell on Binance and Coinbase, while the long/short percentage, financing rates, and filtering groups formed their upscale outlook.
ethereum [ETH] Reserves via main stock exchanges Ownership It fell sharply, as Binance 700000 ETH and Coinbase lost seeing approximately 900,000 ETH in just two weeks.
This fixed exit suggested that investors prefer to get self -friction strategies and long -term reservation strategies over active trading.
At the time of the press, the ETH was traded near $ 4,300 where this offer was designed. These continuous decreases often created a scarcity effect on the market.
Of course, this left traders looking for derivative data to test whether the feeling of matching signals on the chain.
Are long positions dominating the preparation of the ethereum market?
Binance data revealed an overwhelming tendency towards oud locations, holding 71.2 % of long accounts compared to 28.8 % in short pants.
Therefore, with an account, the long/short percentage reached 2.47, with a highlight of merchants’ conviction in the progressive price movement.
This strong bias indicates market confidence, but it also raises the risk of crowded trading if morale suddenly turns. However, the financing measures suggested that traders were keeping stability in the choice.
source: Coinglass
What is the effect of positive financing rates on ETH?
Funding rates in positive lands remained 0.0082 %, which reflects fixed upward morale.
More importantly, these values were supervised compared to previous nails, indicating that enthusiasm remained measuring instead of excessive.
Therefore, although the market referred to confidence, it has not entered a feverish area often preceding sudden corrections.
The continuous moderation in the financing rates is generally based, as it maintains the behavior of speculation. Besides location, liquidation data has been set where the following battle areas can be formed in Ethereum.
source: Coinglass
Where are the main battle areas in Ethereum?
The filter map showed heavy groups ranging from $ 4100 and 4,478 dollars, with heavy activity that focuses near $ 4,300. These areas were characterized by critical levels where support and resistance can appear.
The ETHEREUM price track is likely to interact strongly with these areas, which increases fluctuations.
The sweeping of the higher liquidation levels can be built, while the declines towards the lower ranges would display the summons.
Monitoring these groups is necessary, because they repeat the moments of collapse or collapse in high -benefit markets.
source: Coinglass
Can Ethereum maintain its upper preparation?
In general, we can say that the ETHEREUM scene showed clear accumulation signals, long upscale sites, constructive financing rates, and specific liquidation groups.
Together, these factors referred to a supportive environment to expand prices.
However, heavy tilt towards length and dense filtering areas near the current levels suggested caution. Therefore, Ethereum can maintain its upward preparation if the demand continues while the supply remains narrow.
