| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107307.7900000000 |
| ETH | $2436.4570000000 |
| BNB | $648.8198700000 |
| XRP | $2.1844380000 |
| ADA | $0.5655709000 |
| SOL | $150.6946000000 |
| DOGE | $N/A |
| DOT | $3.4047100000 |
| LTC | $86.3474000000 |
| LINK | $13.4117100000 |
Category: CRYPTO NEWS
The post Ethereum Shows Signs of Possible Upside with Surge in Buying Volume and Liquidity appeared on BitcoinEthereumNews.com. Ethereum (ETH) is showing promising signs of a potential market upturn, as buying momentum builds in the derivatives arena. The recent surge in buying volume suggests that bullish sentiment among investors could lead Ethereum towards new price highs. According to a recent analysis by COINOTAG, “The influx of capital into Ethereum indicates a growing belief in its bullish projections.” Ethereum receives a boost from increased buying volume in derivatives, hinting at a possible price rally towards $3,440. Buying volume reaches a new high As of now, the Taker Buy Sell Ratio—a key indicator of market sentiment—is reflecting a bullish outlook with a reading of 1.13, suggesting that buyers are actively acquiring Ethereum. This level marks the highest reading of the year, showcasing the dominance of buyers over sellers. Furthermore, this uptick in buying pressure is evident from the Funding Rate, which currently sits at 0.0050%. A positive Funding Rate indicates that traders are more inclined to go long on ETH, demonstrating increasing confidence in the asset’s potential for growth. Source: CryptoQuant Is a major rally in sight for ETH? The analysis of Ethereum’s price charts reveals a critical juncture as ETH attempts to break above the upper resistance level of its symmetrical channel. This technical formation is essential as it can signal accumulation and the potential for a surge following a breakout. If ETH successfully breaches this key resistance, the next target would be $2,798.34, a significant level that, if surpassed, may pave the way for a further ascent towards $3,440—a potential increase of 23.06%. Source: TradingView Liquidity flow surges Recent data from Artemis reveals significant liquidity inflows to Ethereum, with total Netflow reaching $100.7 million over the past week. This figure suggests a continuous flow of capital into Ethereum, reinforcing a bullish outlook across the crypto ecosystem. The prevailing…
2025-02-21T03:44:36+00:00