In the midst of the noticeable prices in the encrypted currency market, ETHEREUM (ETH) made waves because they gained great attention from encryption investors. The main analysis company on the series Coinglass revealed that whales, investors and long -term holders accumulate the distinctive symbol.
200 million dollars deserves the external flow (ETH)
Data She revealed that exchanges around the world have witnessed a large amount of $ 200 million of flows coming out of symbols. This large external flow, amid the declining market feelings, alludes to potential accumulation and has the ability to cause heavy purchase pressure and more rise.
However, this important external flow from the stock exchanges began when Altcoin failed to maintain the style of upward prices, which was formed on the daily time frame.
Current price momentum
Ether is currently trading near the level of $ 2945 and has witnessed a decrease in prices to more than 8.90 % over the past 24 hours. However, despite the current market morale and noticeable prices, traders and investors have shown strong interest and confidence in the distinctive symbol, which led to a 90 % jump in trading volume.
This is the first time that ETH has decreased from $ 3000 since the pro -profit -for -win -on -winning. However, given the current price range, the ether appears to be an ideal for purchase.
The reason is Trump’s investment in the continuous and large world in ETH when he was trading near the level of $ 3400.
Predicting the price of ether
According to expert technical analysis, with a decrease in the huge prices, ETH reached near the strong support zone of $ 2800.
Based on the last price procedure, if ETHER is higher than the level of $ 2800, there is a strong possibility that can increase by 30 % to reach the level of $ 3850 in the future. On the contrary, if you fail to keep this support level and close a daily candle less than $ 2,800, we can see a 20 % decrease in prices to the next support at the level of $ 2,250.
This landmark ETH has pushed the declining direction, as it is traded without the SIA moving average (EMA) on the daily time frame.
