Main meals:
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Ether’s bull science asserting on the daily graph 34 % of the gains to $ 6100.
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The percentage of ETH supplies that was held on the stock exchanges decreased to 12 % for the first time since 2016.
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The exhaustion of the ETH supplies on the stock exchanges indicates the “width pressure” and the long -term accumulation.
Ether (Eth) The price in the highest multi -year level recorded $ 4,792 on Thursday, after an increase of 45 % from August 3. The price is now uniformous than its height of $ 4,867 at all after checking the correctness of a classic bullish pattern.
Could the ETHER 34 % increase in the next few days?
ETHER’s “Taurus” is alluded to $ 6000
ETH increased more than 126 % between June 22 and August 14 to reach a The highest level in several years less than $ 4,800. The last rally of breach of the price of resistance provided by the higher boundaries of Taurus at $ 3770 on the daily chart, confirming the upscale collapse.
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A Taurus science It is a continuation pattern that occurs after a large rise, followed by a unification period at the end of the top price of the range.
Al -Atheer confirmed the “Taurus School Books” in the daily time frame, He said Trader Mister Crypto in a previous analysis on X.
“The goal is $ 6000.”
As CoINTELEGRAPH I mentionedThe bulls are now focusing on pushing ETH over the main resistance at $ 4,700. Such a step can raise the next stage of the ether, measured by $ 6,150 or 34 % of the current price level.
However, it is important Note The success rate of the upper flag is about 54 %, which makes it one of the lower reliable patterns.
More ambitious expectations were made by other analysts, citing an increase Institutional demand during Ethereum atfs stain and Treasury companies in Eithsituation Higher than 12,000 dollars and 30,000 dollars.
The percentage of ETH on the stock exchanges drop to the lowest new level
ETH supplies on stock exchanges fell to their lowest level in nine years, as it fell to 12.36 % for the first time since July 2016, Glassnode data He appears.
The decrease in the ether supplies on the stock exchanges may indicate an increase in incoming prices fed by the “shock of supply”, which occurs when the strong demand for the available Jupiter meets.
“Only 18.5 meters of Ethereum left in exchanges,” He said Popular Trader Merlijn Trader in Friday’s Publication on X.
This trading ratios to aggressive purchase by ETHEREUM, adding: adding: adding:
“When scarring meets the demand, the price does not go sideways. Incoming the offer.”
Besides more than 35.7 million ethics (30 % of the offer), according to Data From ultrasound funds, this “Supply Squeeze” indicates the condemnation of a strong holder and pressure from the sale side.
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.
