Because Ethereum (ETH) trads slightly above USD 4,300, some cryptocurrency analysts believe that the current cryptocurrency trend has enough structural health. However, they also warn that the lack of exchange financing indicators means low demand on ETH, which may limit its shoot.
The latest Ethereum rally shows the structural force
According to rapid cryptochants by Shayanmarkets colleagues, Ethereum financing indicators in the field of stock exchanges are relatively muted compared to the last three main maxima of digital assets.
For example, during the first high high level at the beginning of 2024, ETH financing indicators in the exchange of cryptocurrencies increased to 0.8, which suggests excessive long positioning and speculative demand. Soon the price is completed, because the overheated lever has affected digital assets.
During the second summit at the end of 2024 – as shown in the table below – ETH reached similar price levels, but this time at much lower financing rates. Although this indicated a less speculative market, the lack of a forceful, robust momentum eventually burdened the price of ETH.
In contrast to the above two cases, the ETH 2025 rally saw that he had created a up-to-date all time (ATH) in the amount of 4,900 USD-communion relatively subdued financing rates. This brings together one key discrepancy – ETH will reach up-to-date ups even in the absence of aggressive long positioning that fueled earlier rallies.
Shayanmarkets states that there are two key implications of this newly discovered discrepancy. The analyst noticed:
On the one hand, the market seems more based on stains and structurally healthier, because the price is not exceeded by excessive lever. On the other hand, the lack of aggressive demand also limits a breakthrough shoot, leaving ETH in a slower environment in which the flow of the up-to-date order will be necessary to continue.
To sum up, the co -creator of cryptochants noted that the higher Maksima ETH in relation to the decreasing financing rates show that the current market is more resistant to sudden cascades of liquidation. However, this also requires a much greater conviction of buyers to maintain another higher leg.
Is ETH aiming at correction?
Although ETH currently trads around 12% below its ATH, some analysts forecast that the second largest cryptocurrency according to market capitalization may be corrected with correction. Ted Pillows cryptographic analyst anticipated This ETH can drop to USD 3,900 before the next rally.
To say, there are several other data indicators that indicate a potential stubborn rally for ETH. For example hit Low 0.037, which can facilitate in the so -called “supply crisis” of digital assets.
In similar messages, the balance of Ethereum Exchange has recently become negative for the first time, suggestion that more tokens are withdrawn from exchange than deposited. During the ETH press it trades at 4,334 USD, which is an enhance of 0.6% in the last 24 hours.
Recommended photo from Unsplash, charts from Cryptoquant and Tradingview.com
