Despite failing to reach a new all-time high, Ethereum displays bullish indicators suggesting continued growth potential. Increased leverage ratio, positive funding rates, surging institutional fund holdings, and a tightening price range point towards a healthy market despite recent downtrend.
has struggled to replicate this momentum, failing to reach a new all-time high despite its significant role in the blockchain ecosystem.
This moderation implies that while long positions dominate, they are not extreme, leaving room for a healthy price increase without an imminent risk of large-scale liquidations.Furthermore, Ethereum fund holdings have surged to multi-month highs, reflecting strong institutional interest and continued confidence among both institutional and retail investors, even in the face of recent market corrections.Ethereum’s trading at $3,395.85 at press time – down 0.
The RSI at 43.27 signals neutral conditions, though its position below the critical 50 mark leans towards bearish sentiment. Meanwhile, the MACD reveals a negative histogram, with the MACD line positioned below the signal line. Volume analysis adds to the uncertainty, as trading volumes remain moderate, highlighting a lack of strong conviction from market participants.
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