ETHEREUM now shows a fixed price growth, as it recorded a 6 % increase last day with the increase in the wider encrypted currency market. This upward momentum comes after the news of the issuance of an American executive order to create a national stock of digital assets, which contributes to creating a positive market environment.
Amid this background, Cryptoquant Shayanbtc analyst presented a new idea point of view On the current path of ethereum. Shayan highlights an interesting contrast between the increasing open interest in Ethereum and price futures, which has not yet reached its highest level.
The growing futures market and the different price movement
According to Cheyan, in a recently downloaded publication on the Cryptoquant Quicktake platform, the open interest of Ethereum – an indicator of active futures contracts – has increased to the highest levels in recent weeks, indicating an increase in market participation and increasing interest among traders.
The analyst notes that the rise in the open interest of ETH and the slow price response indicates a separation between market morale and price performance. While the futures for futures appear optimistic, this optimism has not yet been translated into ETHEREUM to the main resistance levels. The analyst’s books:
It is interesting that there is a difference between the price of the Ethereum and the activity of the futures market. Despite the large increase in open interest contracts, the price has not yet broken its highest level, which indicates a possible imbalance between market expectations and price movement.
Shayan also indicates that the high open interest may lead to fluctuations. Historically, the large accumulation in open interest contracts followed great fluctuations in prices with the clearance of centers.
Although the direction of the next movement is still not certain, the current activity and feelings tend to a potential bullish penetration. Shayan suggested that if Ethereum is able to overcome critical resistance, this may pave the way for a longer high height.
Market fears and landfill indicators
On the other hand, another analyst at Cryptoquant, Darkfost, showed a more cautious situation Expectations. Darkfost refers to a set of downtles, including increasing ETHEREUM flows and reserves on Binance.
According to the data participated in Darcoust, since September 2024, the impulses of Ethereum exceeded the continuously outflowed flows, which led to a rise in drainage reserves. This trend reflects the pressure of the sale, as more ethereum is transferred to the stock exchanges, which may indicate the intention of selling rather than keeping it.
In addition, the purchase and sale rate in Binance has been declining for several months, indicating a fixed dominance of sale orders. Darkfost reveals that the shift in these standards indicates that some investors may keep profits or re -customize the capital elsewhere, which leads to more cautious morale in the market.
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