๐ Ethereum: Ready to Soar High Again?
- Despite ETH's recent sluggishness, bullish signs are starting to emerge! According to CryptoQuant's EgyHash, traders seem optimistic about ETH's upside potential. ๐
- Ethereum's Leverage Ratio has peaked, indicating a high risk appetite among traders. The positive funding rate also indicates a dominance of long positions, but there is still room for price increases without the risk of massive liquidations.
- The Korean Premium Index for Ethereum is also positive, indicating growing interest in the Korean market. Wow, ETH is getting more popular!
- Not only that, Ethereum's fund holdings continue to increase, with significant inflows in the US ETF market. Whales and large investors are also increasingly accumulating ETH, reaching an all-time high.
- So, is this the right time to add to your ETH collection? Let's discuss in the comments column!