TLDR
- Ethereum is currently consolidating between $ 2,650 $ 2,750, with key resistance to $ 2,800 while analysts projecting the potential rises to $ 3,000- $ 4,000 based on technical patterns
- Valks have collected 430,000 ETH for three days, which indicates strongly institutional interest and raisome feeling
- 74% of ETH holders have retained their positions for over one year, with 62% currently in profit
- SEC Reviews 21Shares’ Ethereum Spot ETF application that includes Stake Components
- Large -scale transactions exceeding $ 100,000 reached $ 37.59 billion each week, with net outlets of $ 12.45 million from exchanges
Ethereum’s award has entered a crucial consolidation phase to $ 2,750, while market data reveals significant paragraph 430,000 ETH just three days. The second largest cryptocurrency, through market value, continues to test key resistance levels between $ 2,750 and $ 2,800, which gives increased attention from major investors and institutional players.
New market data shows that Ethereum whales have actively accumulated positions, with purchases totaling 430,000 ETH that occurred within a 72-hour window. This accumulation pattern has arisen when the price maintains stability above the aid level of $ 2,600, which indicates growing confidence among large -scale investors.
Trade volumes have experienced a remarkable change, with current figures showing a reduction of 32.48% to $ 23.14 billion. However, open interest rates have increased by 1.14% to $ 24.65 billion, which indicates that traders maintain significant positions despite the reduced trade activity.
The derivative market presents a mixed image for Ethereum. The option trading volume has decreased by 4.10% compared to the previous month and reached $ 622.55 million. Nevertheless, open interest rates have remained stable of $ 6.85 billion, which indicates that a long -term participants’ commitment to the option market.
At Binance, Trader leans Sentiment Haussen, as shown in a 3.44 relationship in open positions. The latest market movements have triggered $ 19.31 million in liquidations for 24 hours, with short traders who have some of these losses to $ 11.18 million.
Technical analysis
Technical indicators reveal that Ethereum is approaching a critical time. The relative strength index (RSI) is currently at 37.21, which indicates weakness but remains over the monitoring of territory. The moving average convergence diver’s histogram shows a negative reading of -138.3, although Baissearted pressure seems to decrease.
Blockchain Analytics Firm Intotheblock reports that 62% of Ethereum holders currently have a profit, while 33% are facing losses. More remarkably, 74% of holders have retained their positions for over a year and have shown strong conviction in the long -term potential of the asset.
Large units are now controlling 54% of Ethereum’s total supply and highlights the concentration of holdings among institutional and rich investors. Cryptocurrency -price movements continue to show a strong correlation with bitcoin, which maintains a correlation coefficient of 0.96.
Exchange data reveals a net withdrawal of $ 12.45 million in ETH over the past seven days and exceeds incoming deposits. This trend often indicates a preference for long -term holdings compared to trading activities. Weekly transaction value for industries exceeding $ 100,000 has reached $ 37.59 billion, which indicates active participation from institutional investors.
SEC’s ongoing review of 21Shares’ Ethereum The Spot ETF application has added another layer of interest in the market. The proposed ETF includes staking components, which can potentially offer new income opportunities for institutional investors.
Market analysts look carefully at the resistance level of $ 2,800, which has proven to be a stubborn barrier for several weeks. A successful break above this level can open the road to 200-day sliding average to about $ 2,930.
$ Can break out of this symmetrical triangle every hour now! The target is $ 3 055🎯
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– Carl Moon (@themooncarl) February 20, 2025
Support levels between $ 2,300 and $ 2,400 remain crucial to maintaining current price levels. An infringement under these support can trigger renewed sales prints and push prices lower.
Trade volume remains relatively low at 1.15,000 Ethicsindicating a lack of strong directional conference on the immediate semester. Technical analysts indicate that increased volume would be necessary to confirm each outbreak over $ 2,800 resistance levels.
Liquidation data shows that short positions experienced $ 4.81 million in losses over the past 12 hours, which potentially indicates a shift in the marketing entry against purchasing activity.
Carl Runefelt, a crypto -market analyst, has identified a symmetrical triangle pattern formed on Ethereum’s daily charts and projects a potential target of $ 3,055 if the pattern is successfully completed.
