The largest subcoin according to market value Eth The day continues at 4.618 dollars with an increase of 5 percent. Although the decline for Ether found support at the beginning of September, the developments in the macro front were in favor of the risk markets. Moreover, experienced investors were aware of this and warned the Cryptoquant analyst before the rise.
Ethereum knew how to rise
Considering some analysis with delay helps to understand what it looks like to read the data correctly. For example, when we examine an assessment of tomorrow from today, the analysis seems to us to talk about a 50 %drop/rise. The analysis of 51 %predicting the direction also resembles the prophecy.
One of the things that I like is to address the evaluations that predict direction sometimes after the event took place. Thus, I can evaluate whether it looks through the window towards the markets by looking at the current situation and whether the prediction of the prediction (according to this) will be achieved. We will do this with you today.
One of the Cryptoquant analysts drawing attention to the accumulation tendency of professional investors this week ETH price He mentioned that more rise was approaching. He pointed out the importance of the $ 4,300 level and wrote that the tendency was up. So he predicted today’s movement correctly.
Ethereum Analysis
The first key detail that the analyst draws attention to the estimation made by on-achain data is $ 4,300-4,400 in the price zone of 1.7 million in the price zone Ether‘demand. Investors accumulated at the level seen as this panic zone. At the same time, these average cost bases were under $ 4,300 under $ 4,300.
“In addition, the analysis of the Net Flow Data of the Stock Exchange shows that the flows from the central stock exchanges of this period are dominant.
$4,625.72 It ranks first by processing the output volume. ”
Looking at these data, the Analyst detected high sensitivity to the protection of the $ 4,300-4,400 range and the accumulation of 1.7 million ETH motivated him.
Eth While the most important part of the shooting takes place at this average cost base Binance The deposit data on the stock exchange pointed to the $ 3.150 range. In other words, the investor cost base in different stock exchanges also differed. Binance is an important player (or rather the major investor mass here) and an important center for long -term investors. For all these reasons, the analyst envisaged an upward rise due to the supporting position of investors in the Binance Exchange. It happened as it expected.
If we see the opposite tendency on the Binance Exchange, we will follow it and share it as a warning for Ether. The expected scenario for the time being is the winning of $ 4,700 and the motivation of ETH investors with its strong ETF entrances after 5-6 hours. Next week, the Fed will make an interest rate reduction and this is the event of the month. So we can say direction up. Of course, if there is no surprise.
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.
