Main meals:
-
300 million dollars of the external flow of Ethereum ETFS listed in the United States represented only 1.3 % of management assets.
-
The derivative mode and long stable rates indicate a strong support of $ 4,300 despite the long -learned filters.
Ether (EthHe gathered 4.7 % on Wednesday, and paid beyond the level of $ 4,300 after breaking the bottom of seven days. Details data indicate flexibility despite the outstanding outflows of the traded funds in the United States (ETFS), causing traders wondering whether the ether could exceed $ 5,000 in the coming weeks.
Ethereum Spot Spot in the United States recorded $ 300 million in net external flows on two sessions, reflecting the six -day flow chain. While clouds are only 1.3 % of the total management assets. Previously, ETF flows are strong alongside Companies accumulation The main drivers were seen behind the 33 % increase of ETHER during the first three weeks of August.
From the trading point of view, ETH volatility has led since August 28 to $ 344 million in qualifiers from the long centers benefiting from this, a factor that may have spoiled feelings.
A long percentage of major traders via the main stock exchanges helps to clarify sites by combining immediate activity, futures and margin activity. In OKX and Binance, the demand for Longs fell on Friday but has settled since then. More importantly, there was no significant increase in a short interest, which enhances the level of support of $ 4,300.
The demand for ETH options increased between Saturday and Monday, but the trend turned on Wednesday with Call’s (purchase) activity. The proportions of more than 5 to fear usually indicate the risk of the downside due to their use often in neutral strategies to power.
ETH derivatives show strength, but $ 5,000 are questionable
Eth Derivative measures Flexibility suggested, but the path is about $ 5,000, may take longer than investors expecting to pay attention to macroeconomic data.
The Jolts report of the American Labor Bureau of Labor Statistics on Wednesday showed that the employment rate for unemployed workers has decreased to its lowest level since April 2021. ” He said Yahoo financing.
Gold prices rose To the highest new level ever on the same day, highlighting concerns about global growth and high US financial debt. According to JP Morgan analysts, the price of gold prices, noting the expectations that the Federal Reserve will Reduce interest ratesReducing the call of bonds.
Related to: Spot Bitcoin ETFS Increase, ether boxes bleed with investors’ flight
The demand for financial products on the ETHEREUM network gained a jar, as Etherealize announced a $ 40 million financing round on Wednesday. The company aims to expand the infrastructure of financial assets wrapped, such as mortgages and credit tools. Venture Companies Capital, Electric Capital and Paradigm have led investment, According to For wealth.
Ultimately, the Ether path of $ 5,000 depends on more clarity on the global economic conditions, which are currently being subjected to compressed by the trade war and weak labor market marks.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
publish_date
