The Return of Institutional Appetite?
After recording net outflows of -105,000 ETH last week, Ethereum ETFs have seen a return of +16.9k ETH this week, showing signs of renewed institutional interest. This reversal has, however, created some uncertainty in the market.
Exchange reserves for Ethereum have dropped by 4.41%, falling below $80.7 billion. This consistent decrease indicates a growing trend toward long-term holding, thus reducing immediate selling pressure. Historically, this type of movement has often coincided with price stability or even a bullish continuation.
On Binance, 64.44% of accounts are positioned long on ETH/USDT, compared to only 35.56% short. This long/short ratio of 1.81 suggests a widespread expectation of price recovery, fueling optimism in the derivatives markets. However, this asymmetry carries risks, as crowded long positions could accelerate liquidations in case of a downturn.
Ethereum: Liquidation, a Major Hurdle to Overcome?
The Ethereum liquidation map reveals significant concentrations around $4,700, creating both opportunities and risks. A successful breakthrough of this level could trigger liquidations fueling a new bullish trend. But failure to pass this threshold could lead to aggressive selling as leveraged positions unwind.
Although indicators are generally positive for Ethereum, the liquidation clusters at $4,700 represent a major obstacle to watch carefully. The cryptocurrency’s ability to overcome this resistance will be decisive for the continuation of the bullish trend.
How to Buy Ethereum on Bitget
Ethereum is expected to reach new all-time highs, don’t miss this unique investment opportunity. Here’s a buying guide:
- Sign up on Bitget:
Visit the official Bitget website or download the mobile app. Create an account with an email address and a secure password. Confirm your registration via the link sent by email and complete KYC verification if necessary. - Deposit funds: Log in and access the “Deposit” section. Deposit cryptocurrencies (such as USDT) or fiat currencies via bank card or wire transfer, depending on the options available in your region.
- Access the spot market:
Go to the “Trading” tab and select the spot market. Search for the ETH/USDT pair or another pair corresponding to your funds. - Place a buy order:
Choose a market order to buy immediately at the current price or a limit order to set a target price. Indicate the amount of Ethereum to buy and confirm.
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