Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Investors
Behavior Signal Optimism
as ETH Reclaims $3,400
Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) investors seem to be confident that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s
rebound above $3,400 could be the start of something better. This assertion
could be attributed to their recent behavior, which has seen many holders
refrain from selling despite a drawdown that happened recently.
Will ETH price accelerate upwards? This on-chain analysis looks at the
possibility.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Profit-Taking Dips, Bullish Sentiment Improves
On December 30, the ETH price dropped below the $3,400 mark amid a short
consolidation period. But as of this writing, the value has risen above that
threshold. Findings show that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum investors actions were vital in
enabling it to record a quick recovery.
According to IntoTheBlock, the coin holding time has increased by 40% in the
last seven days. The coin holding time measures the period a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
has been held without being sold. When it rises, it means holders are not
selling, but a decline implies otherwise.
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Since it is the former for ETH, this suggests that Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum investors are
bullish on the short-term price action. Thus, should the holding time sustain
this momentum, then the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s value could rise higher than its
current position. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Average Time Held of Coins Transacted. Source:
IntoTheBlock
Despite the optimism and recent price increase, the on-chain volume in profit
has decreased. On the last day of 2024, the transaction volume in profit was
995,000 ETH. Today, it has decreased to 661 ETH.
This decline reinforces the bullish sentiment around Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum investors.
Should the figure continue to decline, then Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price is less likely to
experience selling pressure. Instead, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта might inch toward a
notable uptrend. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Volume in Profit. Source: Santiment
ETH Price Prediction: Run Above $4,000 Very Close
On the technical side, bulls have successfully defended the support at $3,328.
Furthermore, the Money Flow Index (MFI) reading has increased. The MFI is a
technical indicator that measures the level of buying and selling pressure
around a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
When the rating• Рейтинги » Рейтинг rises, it indicates buying pressure. But when it drops, it
indicates selling pressure. With the former happening, ETH might close above
4,111 soon. If validated, then the price could jump toward the $4,500 mark.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Daily Analysis. Source: TradingView
However, if bears tug Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s price below the support at $3,328, this
might not happen. Instead, ETH might slide to $3,081. In a highly bullish
scenario, it could decline to $2,878.
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