Eth non -liquid, and upward futures paved the possible path to $ 5.5 thousand star-news.press/wp

Main meals:

• More than 70 % of the ether supply is vibrant, which supports a long -term upward environment.

• Ether whales added more than 411,000 ETH in August.

• The open interest in the Binance ETH is still more than $ 8.4 billion despite the re -test of $ 4,300.

ETHER (ETH) rose to the highest level ever at $ 4,950 in August, fed by the momentum of the wide market and ETH ETF flows. However, behind the assembly, the dynamics of exchange and supply indicate a mixture of caution in the short term and long -term bullish signals.

Data from Cryptoquant He appears Binance’s ETH reserves rose sharply in August. The increasing reserves usually hint to the profits with more metal currencies to trading. The liquid supply has also increased, indicating that some ETH holders are returning the market.

However, the majority of ETH supply is still ungroke, or closed in holdings or long -term, creating a structural deficiency that supports the largest upward image. The analysis said,

“The most likely scenario for the month of September is a side step to harmful ranging from 4.3 kilos and 5 thousand.

Variable landscape whales reflect. Glassnode data Display The huge whales carrying more than 10,000 ETH led the August gathering with clear flows of 2.2 million ETH at 30 days. This accumulation has now stopped, while large whales (1,000-10,000 ETH) have returned to buying, adding more than 411,000 ETH during the same period. This rotation shows that the demand has not disappeared, even if their largest holders stop their activity.

Related: Increase ETF Bitcoin boxes, ether boxes bleed with investors fleeing for safety

Eth Futures condemnation despite the decline in prices

ETH FUTERES data adds an additional context. Upur Taha Cross Analyst male Although ETH slipped to less than $ 4,300 this week, Binance Open Foundation has kept a company more than $ 8.4 billion, the same threshold that was seen on August 30.

Usually, sharp prices that raise filter decrease, but flexibility here indicates that merchants remain in its position, either betting on a recovery or not polite by additional side.

The pace of contraction is also slow. The open interest decreased by 6.25 % earlier this week, but it decreased to 3.4 %, pointing to the cooling pressure pressure. The size of the net router on Binance remains negative, and sellers control the signal, but stability in open attention indicates that buyers absorb a meaningful part of this pressure.

Meanwhile, topical flows continue to tighten the offer. Binance and Kraken withdrawals regularly exceed 120,000 ETH per day, enhancing the liquid display narration and reduces the depth of sale of the future.

Related: The waiting list for ETH ETH is a two -year height with the accumulation of institutions

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.