ETH Short Liquidations May Send Ether Price to $3K

ETH Short Liquidations May Send Ether Price to $3K

Table of Contents

Main meals:

  • ETHEREUM whale made $ 31 million in ETH deals in the last 44 days.

  • The unique ETHEREUM titles increased by 70 % in the Q2, with the growth of the basic network activity.

ether (Eth) It is about to break its monthly range, as it was 15 weeks at $ 2827 on June 10. Daily closure will lead to $ 2700 to its highest level since February 24.

After unifying the prices for a month ranging from $ 2,300 and 2800 dollars, the ETHEREUM whale benefited from one of the last gathering. According to X post From Olchain Tracker Lokonchain, Whale sold 30,000 ETH for $ 82.76 million through a non -prescription trade (OTC) on June 10, holding $ 7.3 million profits. The sale follows the purchase of ETH at a value of $ 75.56 million on May 27.

Trading activity for the ether whale. Source: Lookonchain/X

The same whale bought 30,000 ETH for $ 54.9 million at $ 1,830 via Wintermute OTC on April 27. On May 22, ETH sold $ 2621 compared to $ 78.63 million, reaching 23.73 million dollars amid the price of 43 %.

The whale received $ 31 million in profits in just 44 days.

The unique ETHEREUM addresses are 70 % in Q2

The number of unique addresses on the ETHEREUM network reached its highest level of 17.4 million earlier this month. Data from Growth It highlighted that the number of ETH addresses that interact with multiple chains or chains has increased by 70.5 % since the beginning of Q2. ETH addresses remained high, with 16.4 million active titles observed on June 10.

Markets, price analysis, market analysis, Ethereum price, ethereum etf
Ethereum weekly address. Participation scheme. Source: Growth

The basic network has led this great growth, which represents 72.81 % of 11.29 million this week, with Mainnet registered from ETHEREUM 2.23 million titles or 14.8 %.

Cointelegraph male It continued that ETHEREUM controls the decentralized financing sector (Defi), with ETH has a 61 % stake in the total closed value (TVL) of about $ 66 billion.

However, fears for their sustainability are still due to obtaining only $ 43.3 million of fees over the past thirty days. Modern updates that Rollups prefer with low -cost data packages (BLOBS) reduce Steker’s revenues, as the reduction of ETH supplies depends significantly on network fees.

Related: Ethereum Stake connects

ETHEREUM bulls can filter $ 1.8 billion with short porn over $ 2900

The future of the ether Open attention (OI) He has Rise 40 billion dollars for the first time in its history, indicating a severe hole market. This high open attention indicates possible fluctuations.

Markets, price analysis, market analysis, Ethereum price, ethereum etf
Ethereum filtering scheme. Source: Coinglass

Despite the risks, the liquidity dynamics remain balanced. Data from Coinglass It offers $ 2 billion in long centers facing the liquidation at 2,600 dollars, while $ 1.8 billion in liquidating the risk of short pants at $ 2900. This balance leaves the market makers’ step unconfirmed, as they can chase liquidity on both sides.

Related: ETHEREUM network growth, ETH ETF, price gains, new investors’ temptation

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.