ETHEREUM’s inability to create a strong foothold more than $ 2000 remains to reduce investor morale, causing many traders to keep their liquid in a possible sale.
This cautious position in ETH withdrawals is reflected in the exchanges, which has decreased to its lowest level in seven months.
ETH exchange signals indicate the effects of the Haboodi feelings
ETHEREUM Exchang Trying for the evaluation of ETHEREUM Exchange has a significant decrease in ETH withdrawals since late January. According to Glassnode, the total ETH withdrawal transactions reached 59,755 coins on Tuesday, which represents the lowest number of one days since August 31.
When the withdrawals of ETH decreases from the stock exchanges, this means that less investors transfer their property to private portfolios or cool storage. This indicates that they are not planning to hold the currency in the long run. Instead, they are keen to keep their coins on stock exchanges; The trend indicates ready for sale.
At the same time, ETH deposits have risen, confirming the increase in sales pressure on the market. According to Glassnode, the number of ETH coins sent to the stock exchanges increased by 10 % since the beginning of March.
When deposits for the exchange of assets like this, more investors transfer their property to the stock exchanges, often ready for sale. With the increasing downward morale, these coins are sold for profit, which puts more downward pressure on the price of ETH.
Will you carry the emerging The bulls are facing resistance at $ 2,148
At the time of the press, ETH is traded at $ 2073, which represents a 3 % profit during the past week as part of the broader market recovery.
On the daily chart, the pioneer Altcoin follows an upward line, indicating continuous price growth. If the upscale momentum intensifies and increases withdrawals in exchanges while the deposits slow, the ETH can maintain this trend and restore the level of $ 2,148.
However, if the stock exchange activity has not changed and the pressure has risen, the ETH risks an exit to the bottom of the upward trend line, and it may decrease to $ 1759.
Disintegration
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