According to external sources, the Ethera has been weak in recent times and prices have returned to the vicinity of early 2021. This means that long-term holders who have been bought at relatively high levels in the past few years are now mostly in a state of loss. The reported weakness in this round was attributed to the weakening of the price structure, the outflow of funds and the increase in the top of the chain.
The moon line continues to press.
The report cites the views of trader Jesse Olson that the ETH Moon is approaching a lower point and that prices have broken critical monthly support. In the past 10 moon lines, 8 fell, indicating continued weakness in the medium term.
Several oscillating signals were also mentioned, including the first shift of 200 weeks of simple moving averages to the lower line, and the re-lowing of price structures after double-tops. In this way, ETH has largely responded to the U.S. F. ETF roll-out, the Merge upgrade and most of the increase accumulated during the last round of cattle.
Increased silo above the chain.
The chain tracking account number Onchain Lens stated that a giant whale had created 22,000 new ETH blanks, with a leverage of 25 times, with a nominal value of about $35 million. The data are used to indicate that large traders are still in detention for short-line ETH.
At the market level, the increase in empty space tends to magnify fluctuations. If prices continue to skew, highly leveraged transactions may also further increase the vulnerability of market sentiment.
ETF Finance and Main Net Income Concerns
According to the article, real-time ETFs have not continued to generate incremental demand, but have recently experienced continuous net outflows and a cooling of institutional purchases. This has prevented price support in the short term for products that had been given high expectations.
Another pressure repeatedly mentioned came from the network itself. Following the upgrading of Dencun, income from the Taifung network declined significantly and the market discussion of its base value capture capacity rose again. The report also mentioned the financial pressure and the loss of developers to the Etherak Foundation.
However, it is also mentioned that some marketers still maintain long-term optimism. Tom Lee of Fundstrat recently stated that he should not leave in a panic.