Ethereum recalls 2.4 thousand dollars support – but why does the momentum fade star-news.press/wp

• Positive financing rates and tendency to buy ETH support is above $ 2.4 thousand.
• Weakness on the chain and the exchange of flows raises a possible slowdown in the short term.

ETHEREUM (ETH) It has published a strong recovery in the last sessions, as it prepared the level of $ 2400, as the derivative financing rates have become positive.

this Convert It revealed the flow from the translated long centers, as merchants are betting on more upward trend.

However, more than 177000 ETH has flown to Binance over the past three days, which allows possible profits by adult holders. This risk in the short term, despite the bullish bias in the structural standpoint.

Therefore, while the feelings have turned in favor of buyers, the high exchange flows indicate caution as the market participants re -evaluate the upward potential in the short term.

source: Cryptoquant

Other leg is higher

ETH continued to circulate in the style of the height channel, after it wore from the lower direction line near $ 2,195 and unified more than $ 2,20000 at the time of the press.

The relative power index remained neutral in 47, indicating that the original had room to move in any of the two directions without being in excessive timing.

The channel’s structure historically supported the upcoming upcoming patterns. However, buyers must defend this area to avoid slipping to less than $ 2,200.

Therefore, continuous price stability within this range can be a starting point if the broader feelings remain intact.

Source: TradingView

Does ethereum lose strength on the chain?

Ethereum activity on the series showed a weak difference between price and daily active addresses. At the time of the press, the DAA, which was increasing positively, began to decline.

This means that the processed growth was not keeping up with the price procedure, which weakened the basic support for continuous recovery.

While ETH has maintained levels of more than $ 2,400, the dull difference may limit the continuous upward momentum.

Therefore, ETHEREUM needs to share a renewed network to avoid stagnation and enhance the fresh price recovery.

source: Vocal

ETH treatment activity collapses

Despite the bullish technical structure, the number of daily transactions for Ethereum decreased sharply to 337 thousand – a sharp decrease compared to modern averages.

This autumn in the activity indicates a possible interruption between the price procedure and the actual network use.

Therefore, even with the involvement of traders in buying the benefit, it appears that the user’s activity on the chain weakens. If this continues, the lack of demand for transactions can undermine high prices.

Thus, the next step for Ethereum may depend greatly depending on whether the user’s participation is quickly interfered.

source: Vocal

Are aggressive buyers keep ethereum standing on his feet?

CVD Spot Taker signs showed that Ethereum was suffering from dominant pressure on the purchase side at the time of the press. This reflects the ongoing confidence among the market participants, who have carried out more market purchases than sale.

This behavior is usually in line with short -term upward trends and enhances current price levels.

However, given the contradictory decline in the size of the derivatives and standards on the chain, this dominance should maintain purchases to prevent reflection.

Bulls are still controlling now, but momentum requires widespread support to continue.

source: Cryptoquant

Can ETH be held under mixed signals?

ETHEREUM recovery appears above $ 2400, the technical and derivative market strength, but the scales fade on the chain and high exchange flows.

If Taker’s request and network activity continue, ETH may continue its upward path. However, unless the growth of the growth of transactions and the volume of transactions, the price momentum may lead to less than $ 2,500.