ETHEREUM (ETH) is currently facing uniformity, as it fluctuates between $ 2700 and $ 2600 over the past three days. Although the price movement is limited to this range, there was a significant increase in activity in the ETHEREUM market, characterized by an increase in centers by sellers on the open.
ETHER ETPS exceeds bitcoin in the flow
Over the past 24 hours, Ethereum PRICE is trying to increase above $ 2700; However, it faces strong dominance. Coinglass data shows that Ethereum has seen a total liquidation of about $ 45.64 million, as buyers liquidated about $ 28.46 million in positions.
However, there is a stronger hegemony over the ethereum etps of Bitcoin. In the last trading week, Eter ETPS witnessed a 95 % increase in flows compared to ETPS Bitcoin, attracting $ 793 million, according to a report issued by Coinshares on February 10.
This rise in ETHE ETP activity came during the low price of ETH to less than 2700 dollars on February 6, which led to a “large purchase”, as noted by Coinshares James Butterfill Research.
This represents the first occasion in 2025, where Ethe Etps Etps Bitcoin exceeded in terms of flows, with similar events in late 2024.
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However, the silent price of the ether due to hedge can be intensified on altcoin. The short positions in ETHEREUM increased by 40 % in only one week and 500 % since November 2024. This level of exposed sales by the Wall Street hedge boxes are not normal in ETHEREUM history, bypassing any previous records.
One of the factors that contributes to the emotions of the traders towards the ETH is the comprehensive low direction of the network. In addition to the return of supply to pre -motion levels, there was a noticeable decrease in the activity on the ethereum network. This decrease is highlighted by the decrease in the total closed value (TVL) in decentralized financing (Defi) to $ 56.8 billion in February.
What is the following for the price of ETH?
The Ethereum price is struggling to stick to its momentum about $ 2700, which leads to unification. Currently, Bitcoin faces bullish domination as buyers aim to break over direct Fib. Currently, the price of ETH is $ 2677, as it has increased by 2.1 % in the past 24 hours.
The ETH/USDT trading pair is struggling about $ 2700, which may be a simple challenge. If he can stay above this level, it will be useful for buyers. The price can then try to move above 3000 dollars, and it may settle about $ 3200.
On the other hand, if the price of the ETH rejects the falling trend line, we may see a strong correction. After that, there will be a possible unification of about $ 2,500. As the RSI direction line is hovering below the midfield, there can be a request to purchase the continued purchase of between $ 2700-3000 dollars.
