#Show my Holdings earnings I am cautiously optimistic about the trend of Ethereum, mainly due to the following factors:



1. After the crash on October 10, Bitmine purchased 202,000 ETH on October 11, and this morning, a suspected Bitmine address bought another 104,000 ETH, indicating that the DAT buying pressure is still present;

2. After the sharp drop on October 10, the Fidelity FETH, which plays the strongest indicative role in the Ethereum ETF, did not see a large net outflow. Instead, on October 14, there was a huge net inflow of $155 million, indicating that the ETF buying pressure is still present;

3. From the perspective of the volume-price relationship, although the trading volume of Ethereum was significant on both October 14 and 15 when it dropped, it did not fall to the support area on October 14 before stopping the decline. Yesterday, it tested lower again, and the low point was higher than the high point on October 14. The bottom is gradually rising.

4. Ethereum's holdings plummeted to the levels seen in early August after the crash on October 10, and the leverage and liquidation risks in the futures market have significantly decreased.

Overall, there are still some positive factors in the market at present. Although the selling pressure is still quite large, the buying pressure has provided strong support. As long as there are no black swan events such as an escalation of the trade war, Ethereum still has the potential to rise.
ETH-0.98%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TraderNo.56vip
· 10-16 15:23
subscribed
View OriginalReply1
什么都行vip
· 10-16 14:38
快上车!🚗
Reply1
OdellPumpBananavip
· 10-16 09:54
冲就完了💪
Reply1
GoodWillHuntingvip
· 10-16 09:38
Hold on tight, we're about to To da moon 🛫
View OriginalReply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)