After Trump announced the definitions on Saturday, the ETHEREUM price fell dramatically by 35 %, as it fell to about 2100 dollars. However, the Ethereum price is now well, as investors keep it higher than the main resistance level. This recovery is assisted by increasing interest from big investors and increasing ETF sizes. Currently, analysts wonder whether the current purchase interest is strong enough to pay the price above $ 3000 soon.
ETH records strong ETF folders
ETHEREUM strong signals of a large recovery with an ETF size continues to rise. On February 3, Ethereum ETFS recorded a trading volume of $ 1.5 billion, which is 20 % higher than the previous record of $ 1.2 billion in December. This is also the highest commercial level since its launch on July 23, when they reached $ 1.11 billion.
The Blackrock product reached the highest trading level at 736 million dollars, followed by the ETHE fund that was transferred from Grayscale for $ 415 million, and Fetllity’s Feth at $ 155 million, indicating market shares under these amounts. In total, the trading volume of all of us has become ethereum ethereum etfs close to $ 22 billion.
With ETF trading selection, as well as large trading volume. Modern data from InTothheblock shows that adult investors, or “whales” show more attention in ETHEREUM recently. This high interest comes after the market collapsed, which allowed these big players to purchase Ethereum at lower prices.
The large deals jumped from $ 4.59 billion on February 1 to $ 23.6 billion by February 3. Focusing now on more effect on Ethereum where its price begins to recover, we may see a significant increase in upscale fluctuations.
Also read: Ethereum enhances the gas limit for the first time since the sales points are transferred
In addition, ETHEREUM has increased its network’s ability to process transactions, making this first change as it turned into a system of creativity in 2022. This may serve as a bullish stimulus to restore the continuous ETHEREUM.
What is the following for the price of ETH?
The Ethereum price increased rapidly, exceeding previous resistance levels and now trying to break the level of $ 3,000. However, the price of ETH faces strong resistance from sellers, which is a challenge for investors. Currently, the price of Ethereum is $ 2788, as it increased by 3.8 % in the last day.
The ETH/USDT trading pair exceeds approximately $ 3,000, a level that may be a difficult obstacle. If it remains higher than this price, it may benefit buyers, which may push the price to the highest level in January of $ 3500 or even up to 4000 dollars.
On the other hand, if the price continues to continue without the EMA20 line on the graph for an hour, the sellers may pay it to about 2100 dollars to test the patience of buyers. However, the RSI is now heading towards the midfield, indicating that there may be an increase in price soon due to the continued purchase benefit.
