The price of ETH decreased to $ 3.5,000 before a new operation above 4 thousand dollars

Main point:

Ether (EthIt gained 57 % over the past month, but the sale near $ 4000 puts a maximum price. Adam, an analyst in the independent market, pointed to the sale of the walls in the region and said that although “ETH has returned to a return”, it may lose the price of momentum until it is filled or pulled. ”

Regardless of technicians, the largest part of the ETH price is lined with the launch of the multiple ether cabinet. Since June, BitMine Gemersion Tech and Sharplink Gaming have acquired 566,800 and 360,800 ETH, respectively, and data from Farside Investors show ETHEREUM ETF flow spot It reaches $ 1.84 billion in the last 7 days. The total total assets of Spot ETH ETFS exceeds $ 20.6 billion.

Despite the dedicated commitment to storage ETH, the Sarplink Gaming and BitMine GNR fell by 36.4 % and 14.52 % over the past week, but the decrease after each stock was 565 % and 381 % over the past three months.

Related to: Ethereum price is heading for 4,000 dollars: Is this time different?

Technically, the structure of the ETH Supreme Tires Market shows a confirmed pattern for family and synthesis with a target of $ 4,300, but besides the constant purchase by institutional investors (traded investment funds and ETH), financing rates are still neutral, indicating that beloved traders hesitating to enhance their use of margins around the level of multi -year resistance.

Some traders, including independent market analyst Michael Van de Bob, believe “liquidity on Longside [is] Prepare to take, “it is suggested that a summary recovery to an area between 3500 to 3300 dollars before a crowd through the resistance of $ 4,000.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.