Ethereum (ETH) $2,761.89 He struggled to exceed $ 4,000 for a long time and stuck below $ 2,800 with the last decline. The painful decline process for Altcoin investors has caused greater losses and accelerating the increase in BTC.D increase. Will Ether begin to rise again? Let’s take a look at experts’ current Ethereum (ETH) comments.
Crypto Coins and Bitcoin (BTC)
Although we do not see the exact effect of this in spot prices, the BTC reserve in the stock exchanges has decreased significantly. Only in the last 19 weeks, the demand for the ETF channel was close to $ 30 billion. This indicates that the demand is alive, although it is not seen in the order books in crypto currency exchanges. Kyle wrote the following graph;
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
“Bitcoin
$96,137.04 Stock market reserves are carried to the lowest levels of recent years and more BTC cold wallets, which is a sign of long -term trend.
If the demand remains strong, this decreasing supply may create upward price pressure. Historically, similar trends have led to price increases. Will it be different this time? “
Ethereum Forecasts
BTC If the demand is decreasing, the demand for the crypto area must be strong. ETF The data confirms it. However, the liquidity that new investors spent in crypto -style crypto batakhanes, where new investors are better understood, reduced the mobility in the stock markets. Since we have not seen the rise in crypto currencies for years, old investors have carried the liquidity to useless tokens that have not exceeded 1 hour in these batakhanes for a while.
But trends, Hype themes are famous for its constant extinguishing. NFT was the most hype agenda of the metaverse, and today we see that they are dying when we look at the famous Metaverse tokens.
Alright Ether what will happen? Poppe still draws attention to the appearance of today’s upward trial in the ETHBTC parity.
“Here we are starting, ETH has started to exceed a very important level.
The rise trend has started since the capitulation two weeks ago. Slow, upwards. A little more momentum comes back on each rise. Positive emotions come into play. And then, Utility coins will perform better. ”
Kyle also reminded the status of ETH stock market reserves.
Eth Stock market reserves have declined to unprecedented levels since 2016. Moreover, this is happening as the circulatory supply increases. As the supply in the stock exchanges narrows and demand increases, this tendency should support Ethereum’s medium -term rise acceleration and bring long -term earnings.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
