The price of the ETHEREUM was unified about 2700 dollars for the best part of last week, as it opposes the ups and downs. Data on the series show a decrease of $ 16 billion in ETH WHELE transaction volumes can carry momentum in favor of bears.
Ethereum (ETH) lines at $ 2700, such as bulls and bears locking
ETHEREUM (ETH) price showed an unusually steady performance this week, as the ups and duties market signals had returned to each other. On the declining side, weakening the demand for whales and continuous doubts in the macroeconomic economy weakened the ups of the oud ETH. The latest data on the InTotheblock series indicates that institutional participation has declined significantly over the past two weeks, which reduces the possibility of continuous upwards.
On the contrary, the ETH price movement remained flexible amid the unification of the broader encryption market. While Bitcoin’s dominance continues to suppress the relative power of ETHEREUM, the optimism surrounding the future ETF approvals of Altcoins helped maintain ETH within its current range. In addition, the main stokeing platforms in ETH continued to see the flows, indicating that their long -term holders are still confident despite the short -term fluctuations.
According to market data, ETHEREUM (ETH) remained within a narrow trading scope, as it opened the week with $ 2,693 and is currently trading at $ 2,701 as of February 15. This marginal movement by 0.3 % emphasizes the position of the neutral market, as merchants await a final catalyst to dictate the next directional step. With the decrease in the activity of whales and unstable technical preparation, ETHEREUM can be close to the risk of collapse less than $ 2,500 in the event of condensation of the sale pressure.
The Ethereum whale drowns 16 billion dollars within two weeks
While the immediate market morale is still neutral, ETH transactions on the chain indicate easy risks on the potential negative side. Latest data from INTOTHEBLOCKThe large transaction scale reveals a significant decrease in high -value ETH transfers over the past two weeks, indicating a decrease in interest from institutional investors and adult holders.
The above chart indicates that the large volume of transactions in Ethereum decreased from 23.5 billion dollars on February 3 to $ 7.3 billion by February 14. This decrease of $ 16.2 billion is a significant decrease in the demand for the market, explaining the reason for struggling with the price of the ETH to maintain the momentum. This sharp decrease in the volume of transactions usually indicates a decline in the institutional interest, especially since the capital turns towards other assets such as Dogecoin (DOGE) and XRP, which has gained strength towards the last ETF’s approval in SEC.
Historically, the volume of large transactions acts as a major indicator of market address. Often the continuous contraction in this scale is twice the prices, as fewer whales are ready to accommodate the pressure pressure. If this trend continues, ETH may face additional risks on the downside, especially if the purchase of interest fails to recover in the coming weeks.
ETHEREUM Prices: Increasing the risk of collapse is $ 2,500
ETHEREUM price expectations show that the ETH market momentum is still risky because it is fighting to restore the main resistance levels amid institutional demand. The Daily Chart highlights the constant declining pressure, as ETH is traded less than the 50 -day SIA moving average (EMA) at $ 2,821 and EMA for 100 days at $ 3,044. These levels now work as huge resistance areas, which prevents any meaningful restoration attempts.
The equivalent sar index continues to flash the landmarks, with points that hover over the basic procedure, which enhances the downward trend. In addition, the bull power index (BBP) remains very negative in -99, indicating that the declining momentum remains dominant.
If ETH fails to restore the resistance level of $ 2821 in the upcoming sessions, a $ 2500 re -test appears to be increasingly likely. A break below this main psychological support may expose ETH to deeper losses, which may target $ 2300. However, if Ethereum is able to attract the new purchase attention, the EMA restores for 50 days can transform momentum in favor of bulls, allowing potential recovery about $ 3,000.
With the decline in institutional demand and technical indicators that distort landing, ETHEREUM is still at risk of more declines. Merchants should monitor large transactions and main resistance levels closely to measure the next main step for ETH.
Related questions (common questions)
Ethereum faces resistance at $ 2821 due to poor institutional demand and Haboodi technical indicators, which limits its upscale capabilities.
A sharp decrease in significant transactions signals reduced interest from institutional investors, which increases the possibility of more prices.
Traders must see the support level of $ 2,500 for possible negative side risks and $ 2821 as a major resistance to reflect the rise.
Ibrahim
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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