This week, the price of Ethereum bounced back when the investors bought DIP, and the fear and greed index came out of the fear zone.
Ethereum (ETH) increased to $ 1800, which is 30% from the lowest level this year. The image that coincided with other cryptocurrencies prompted his market capitalization to almost $ 220 billion.
There are signs that crypto -investors cover the fear of skipping, or FOMO. The Crypto -Strach and greed index jumped from the extreme fear zone 18 to a neutral point of $ 53 today. If the trend receives steam, it will soon enter the zone of greed.
In addition, Wall investors are interested in Ethereum, as this causes an alarming tendency. All Spot ETFS had a clean influx of more than $ 157 million, which is the best result since February. They had a pure outflow over the past weeks in a row, the longest series of loss from the moment of their approval.
This week Ethereum had other positive indicators. For example, DEX protocols on the network processed a volume of more than 11.5 billion dollars, as a result of which a 30-day volume of up to 57 billion dollars. The 24-hour volume increased to 1.7 billion dollars, while Uniswap, Curve Finance, Fluid and Maverick Protocol had the largest market share.
Ethereum Price may continue to succeed in the coming days, since investors are aimed at a psychological point of $ 2000. The risk for this prospect is a constant course of financing futures, which plunged in that short sellers pay customers a fee for maintaining their transactions.
Technical analysis of prices for Ethereum
The daily diagram shows that the price of ETH has recovered over the past few days. He jumped and crossed the upper side of the drawing with a falling wedge, a popular bull -click.
The coin slightly exceeded the 50-day average average average and formed a small bull flag, the popular sign of the continuation of the bull continued in the market.
Therefore, the coin will probably continue to grow, since the bulls are aimed at the psychological point at the level of $ 2,000. A full -bull breakthrough will be confirmed if the coin jumps over a key resistance at 2120 dollars, a clip of a triple scheme, which was formed on a weekly diagram.
