Key results:

• If the ether price reaches USD 4350, over USD 1 billion in compact (bears) positions are in the face of the risk of liquidation.

• Bitmine Immersion extended shares to $ 10.6 billion, focused on 5% of the total ether supply.

• Ethe Ethe recorded inflows of $ 547 million, strengthening institutional demand in connection with the decreasing activity.

Ether (ETH) fought to maintain over USD 4,200 on Tuesday despite his mighty demand for Ethereum Ethereum (ETF) current funds the day before. Onchain’s weaker activity probably considered the mood of investors, but companies still add ETH to their reserves as part of long -term strategies.

Traders now ask if ETH can recover USD 4,800, which is last seen on September 13.

On Monday, Spot Ethereum Products registered $ 547 million net inflow, withdrawing the trend last week and signaling a potential change in investors. Traders were worried that the demand for digital assets could break down if the United States faced the closing of the government or if the expectations of the artificial intelligence sector darken.

These fears were alleviated because it became clear that the partial closing of federal agencies would have confined lasting effects, because expenses usually resume when operations normalize, According to to Yahoo Finance. At the same time, interest in technological actions improved after the announcement of Fresh Free Partnerships from NVIDIA (NVDA) and ORACLE (ORCL), additionally supporting a wider risk appetite.

As investors became less reluctant, the demand for cryptocurrencies appeared on Monday, increased by the purchase of Bitmine Immersion (BMNR) in the amount of 234 800 ETH as part of the tax strategy. The company currently has over $ 10.6 billion in the ether, and the chairman of Bitmine Tom Lee confirms the long -term collateral goal of 5% of the total ETH supply.

Ether also found the support of a novel partnership between Conszensys, developer of the Ethereum and Swift ecosystem, and interbank message transmission networks. Over 30 financial institutions will cooperate on a prototype of cross -border payments aimed at improving the interoperability of toxled assets.

While ETH is unlikely to see the direct benefits of the project, because Swift does not carry money, but instead provides infrastructure for the institution of coordinating settlements, the involvement of consensits probably increased credibility and helped maintain ETH above USD 4,100.

ETH negatively exerted on pressure when the activity of the Ethereum network decreases

Despite the further accumulation of institutional players, traders from the ether remain careful. Ethereum activity in the area has become lower, even when some competitive networks show the opposite pattern.

Ethereum fees have dropped by 12% in the last 30 days, according to Nansen data, while the number of transactions has dropped by 16%. On the other hand, the fees for the BNB chain increased by 95%, and Hyperevm, the network for the hyperlica trading platform, increased by 70% in the same period.

Ether Bulls also look at the upcoming distribution of $ 1.6 billion with FTX Recovery Trust. The third tranche of creditors’ payment is planned for Tuesday, although the funds may last up to three business days to achieve bank accounts. Analysts expect that at least some of these recipients will reinvest in cryptocurrencies.

Related: Hashkey Hashkey Hong Kong fund – how he could redefine BTC and Eth Treasuries

Couminggass data show that if the ether increases to 4350 USD, almost USD 1 billion in compact positions may encounter liquidation. The status of etern as the second preferred institutional assets is glowing, from $ 22.8 billion at the ETF Holdings and $ 55.6 billion open percentage of Futures, maintaining it much before the competition.

From a basic point of view, Ether seems well prepared to recover 4,800 USD, because strategic reserve companies are still gathering ETH and Spot ETF. However, in the near future sentiment remains under the mighty influence of external factors, such as the perspectives of the US economic growth, leaving the sustainable development of the ether rush uncertain.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.