NEWSLETTER
Key notes
- ethereum fell below $ 1,800, approaching its key support levels.
- The ETFs based on eth finally saw a net ticket of $ 4.7 million in almost a month.
- ethereum's daily settlements surpassed bitcoin, and most come from Longs.
ethereum
eth
$ 1 842
24h Volatility:
1.6%
MARKET CAUT:
$ 222.11 b
Volume 24h:
$ 17.54 b
It is close to its key support levels, since its price was submerged below the psychological brand of $ 1,800 in the middle of bearish conditions throughout the market.
eth fell to $ 1,769 today. The leader Altcoin has dropped 19% in the last 30 days and is close to the $ 1,800 zone at the time of reporting.
According to a <a target="_blank" href="https://steemit.moecki.online/ethereum/@bitacademyweb/ethereum-on-the-brink-imminent-collapse-or-miraculous-rebound”>analysis By Bitacademyweb, eth is quoted 35% below its 200 -day exponential mobile (EMA), an indicator used to evaluate the upward and bassist impulse of an asset.
If ethereum falls below the critical support level of $ 1,750, the next target price would be $ 1,600. According to the analysis, the second largest digital currency would need to break the resistance of $ 2,100 to obtain more bullish impulse.
In addition, ethereum's descending trend occurred when the funds quoted in the eth Spot stock -based in the United States finished their four -week exit streak with a net ticket of $ 4.7 million on Friday, March 28, according to <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot”>Sótar.
These eth -based investment products have registered a net exit of approximately $ 410 million with a monthly negotiation volume of $ 6 billion so far this month.
The last important net ticket of $ 307.8 million in ETF Spot eth was recorded on February 4.
The immersion below $ 1,800 caused $ 66.5 million in 24 -hour eth liquidations, surpassing bitcoin's
btc
$ 83 430
24h Volatility:
0.9%
MARKET CAUT:
$ 1.66 t
Volume 24h:
$ 28.75 b
$ 65.8 million, according to data of Coinglass.
More than $ 55 million in eth liquidations belong to long negotiation positions and $ 10.8 million have been eliminated in market shorts.
The largest eth Liquidation Order has been recorded in Binance, the main exchange of encryption by negotiation volume, and is worth $ 13.3 million in a pair of eth-USDT negotiation.
It is important to keep in mind that the fall in the price of ethereum coincides with the bassist feeling of the entire market. According data Coinmarketcap, global cryptography market capitalization decreased by 1.8% to $ 2.64 billion.
The total cryptographic liquidations in the last 24 hours reached $ 227 million with 78% of them, with a value of almost $ 180 million, being long positions, by Coinglás.
A UR of U of the entire market to the green zone could take eth despite the bass technical indicators.
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Discharge of responsibility: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to offer precise and timely information, but should not be taken as financial or investment advice. Since market conditions can change quickly, we recommend that you verify the information on your own and consult a professional before making any decision based on this content.
Wahid has been analyzing and informing about the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has appeared in some of the main media, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. In addition to informing, Wahid likes to connect the points between Defi and Macro in his bulletin, monk in the chain.
