עטהערעום ס וועקסל ינפלאָוז דערגרייכן 11-חודש הויך; ווי קען עס ווירקן ETH פּרייַז?

As the cryptocurrency market begins to show signs of stability as Bitcoin (בטק) momentarily holds above the crucial $20,000 support level the second largest digital asset by market cap, Ethereum  (עטה), has also seen its price rise significantly in the last week.

Despite the inflow into Ethereum’s market cap in the last week, the דעפי asset is also seeing substantial inflows onto קריפּטאָ יקסטשיינדזשיז in tandem with the largest profit ratio since last August, according to דאַטע shared by behavior analysis platform סאַנטימענט אויף יולי קסנומקס.

Indeed, Ethereum saw a net of over 220,000 coins moving on to exchanges on July 6, the highest daily amount in 11 months based on the Ratio of daily on-chain transaction volume in profit to loss (ETH). As a result, of the enormous inflow, the platform warned: 

“Thus far today, we’re seeing the largest ratio of עטה profit taking vs. loss transactions since April. Be cautious in these conditions.”

עטהערעום פּרייַז אַנאַליסיס

Besides the Ethereum exchange flow balance, the digital asset is currently trading at $1,220, up 7.53% in the last 24 hours and a further 18.92% over the previous week, taking the cryptocurrency’s total market worth to $148.2 billion, according to CoinMarketCap data.

Interestingly, Ali Martinez, a well-known קריפּטאָ טריידינג מומחה, אנגעוויזן on June 30 that:

“More than 200,000 ETH. worth over $200 million, has been sent to known קריפּטאָ יקסטשיינדזשיז wallets over the past five days.”

The analyst felt a the time that Ethereum’s price may soon see a significant decline as a consequence of the influx of new funds into trading platforms and the ongoing בער מאַרק in cryptocurrency markets. The history of transactions at the time revealed that almost 468,000 addresses together own more than 7 million ETH and are now in the red.

However, Ethereum has moved in the opposite direction climbing $200 since June 30. Notably, Finbold שפּיציק אויס on July 5 that:

“The next significant barrier to overcome is located close to the $1,080 zone. If the price manages to sustain a move higher while staying over the $1,120 resistance zone, a sizable uptrend may get underway.”

Finally, the community over at CoinMarketCap is forecasting that ETH will trade at an average price of $2,529 by July 31, 2022; whether the asset can reach such highs in just a month remains to be seen.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.