CoinGlass data shows that if Ethereum reaches $4,000, $1.43 billion in short positions may be liquidated. Data from IntoTheBlock shows that 90.8% of ETH holders are profitable, while 9.2% of losing holders only account for 2.8% of the total supply, indicating limited potential selling pressure. CryptoQuant contributors pointed out that the Ethereum financing rate has increased significantly, but is still lower than the level at the historical high, indicating that it has not yet entered an overheating state, and Ethereum is still expected to return to its annual high.
At present, with the return of funds from the market, the recovery of the Ethereum sector, its popularity continues to rise, and Ethereum will return to the
The highest point is only a matter of time. Brothers who hold Ethereum should wait patiently. Currently, Ethereum is fluctuating in a box today, with a small amplitude of 50 to 60 points. At present, the second bottoming out stands at 3522, and it will continue to rise after the shock. Breaking through the one-hour downward trend line is an entry opportunity. Yesterday's support level can still be ambushed. At present, this month is about to end, and the monthly line of Ethereum has such a big positive line, and the follow-up is still bullish.
Brothers who like it can follow us.