Ethereum up to $ 2.6 thousand – with 6M ethics, what is the next for the price? star-news.press/wp

• Institutional accumulation struck the means of liquid liquid before ETH exceeds $ 2,590.
• Open and in size interest confirms the increasing condemnation as the pants face liquidation pressure.

After weeks of strong signals on the series and institutional activity, ETHEREUM (ETH) He finally responded to the outbreak of the last price stagnation.

At the time of the press, ETH was traded at $ 2600 after a daily increase of 6.3 %.

This step follows a historical month of accumulation and activity. More than 6 million ETH was added to the non -CEX portfolios in June, Driving The accumulation addresses to 22,7465 million. SAt one time, the liquid liquid achieved a record 35,5643 million souls.

The joint data reflects the long -term investor’s condemnation, as institutions have been strongly placed in the upward direction before the last price response.

source: Cryptoquant

Was the whales and retail buyers finally aligned in the direction of ETH?

Spot Taker CVD reveals over the past ninety days the dominant purchase volume, indicating that aggressive buyers have controlled the market. Market participants are increasingly ready to implement in The ASK, a strong indication of upward feelings.

This trend indicates that both institutional traders and retail trade expect more upward trend. More importantly, this immediate activity tends to precede the greater directional movements, especially when supported by other standards on the chain.

The compatibility between immediate demand and the behavior of accumulation in a more sustainable ethical direction alludes beyond fluctuations in the short term.

source: Cryptoquant

Open interest jumps 10.47 %: Does the leverage enhance the assembly?

The open interest increased to 19.27 billion, which represents an increase of 10.47 %, indicating that more traders enter the market with condemnation.

This height in OI is in line with the ups of the immediate market signals, which enhances ETHEREUM momentum. When the open interest grows alongside positive prices, this often means that the new capital is included in long positions.

However, this also opens the door to future fluctuations if excessive situations are pressed. However, the coordinated growth in each of the stain and derivative markets confirms confidence in the power of ETH in the short term.

source: Cryptoquant

Are the high rates of evaluation aimed at ETH sustainability?

Both NVT and inventory standards rose to a sharp flow, and a potential red mark flashing. The NVT Gurge indicates that the current price of ETH is outperforming the actual network activity, raising concerns about the exaggeration of the evaluation.

Meanwhile, climbing the stock ratio to the flow reflects the increasing scarcity, but not necessarily an increasing benefit.

These two standards indicate that although the original appears attractive from the point of view of scarcity, its primary use may not rise quickly enough to justify higher assessments.

There may be something that justifies caution if the growth in real adoption is not followed.

source: Vocal

Did the ETH increase led to a liquidation chain?

According to Binance Eth/USDT, the filter map has been run, as large groups of references were operated without a $ 2500 region.

The penetration appears to be higher than this level has eliminated many high -level short situations, creating momentum through short pressure.

With the ETH rising to $ 2597, filtering ranges have become intensively focused between $ 2,480 and $ 2510, which may now act as a strong support zone.

If ETH continues over this area, more bullish trend may be revealed as the bears remain besieged and bulls regain control.

source: Coinglass

Categorically, the Ethereum Edit, which is more than $ 2,590, comes after the smiles of the chain, the dominant immediate demand, and the increased derivative activity.

While the evaluation measures indicate caution, liquidation groups indicate that the bears already suffer from pressure. If the bullish momentum carries and enhances the network activity, the ETH may be prepared for a deeper gathering.