According to the media, the Ethera has grown significantly in a short period of time, with a return price above $2,200. The central cause of the increase was attributed to the voluntary buyout and the simultaneous entry of large amounts of money during the break-out phase, with the market following up on the possibility of continued indigestion of some $2,400 to $2500.
25.5 billion dollars.
The data quoted by Coinpedia show that on 19 August, ETH one hour tookr buy volume up to $25.5 billion. This means that the buyer does not stand on the list and wait for a deal, but eats the liquidity of the sale in a more active manner.
According to the article, this was the third-largest one-hour voluntary purchase of readings in approximately 193 days. The high-intensity active purchase of a plate usually reduces the seller ' s space rapidly during the breakout phase, so this release is considered to be an important trigger for the current run-up.
However, the article also mentions that it will be followed up by a synchronous increase in the number of contracts. If the active buy-in continues and the hold-up continues to rise, this indicates that the new increase in funding is still in place, and if the hold-down accelerates the liquidation, a significant part of the increase in the round may come from an empty round.
Many large addresses were identified as being bought.
The article also mentioned that when ETH was back on its feet at $2200, there were a number of large buy-in records in the market involving such subjects as Wintermute, Moonwell, Coinbase, Binance and OKX.
- Wintermute: 192,617 ETH
- Moonwell: 165,934 ETH
- Coinbase: 115,204 ETH
According to the article, the concentration of large amounts of money near key prices has increased the visibility of $2,200. If prices continue to be stable in the area, the market's expectation of a further upswing of $2,500 will increase; if they fall quickly below the breakout zone, the sustainability of this round rise remains to be observed.
2500 dollars into the next pressure zone.
According to the trend, ETH has been removed from the clean-up area for weeks. This rapid upturn brought the market to a higher level.
The article gives the next upper pressure position between $2400 and $2500. If prices are effective in this area, the follow-up target may be further directed at $2,800; if short-line backsliding, the 2125 to 2000 dollar range will be an important area where market observations support strong and weak.
It is also mentioned that the short-line kinetic energy indicator is already at a high level, indicating that there are signs of overheating after a rapid lifting. However, according to the article, the current trend is likely to continue as long as the main post-break zone remains intact.