Ethereum (ETH) has recently increased, reaching a three -month summit. This price movement reports the bar of $ 3,000 at hand, but the challenges are to come.
Long -term holders (LTH) continue to reserve profits, which could prevent ETH from reaching the $ 3,000 threshold in the near future.
Ethereum investors are preparing for the rise
New addresses have reached a four -month summit, reporting that Ethereum is gaining ground among investors. The increase in new addresses is a positive sign for the adoption of Altcoin, indicating that more investors show an interest in Ethereum.
However, many of these new addresses could be motivated by the FOMO (fear of missing), making them more sensitive to volatility. These investors, while helping to increase the price of Ethereum, could also sell quickly if the market changes, which presents a risk of maintaining an increase in prices.
Despite the risk of FOM behavior, the increase in new addresses is a clear indication that Ethereum always attracts new participants. The influx of new investors could help increase the price of the ETH.
The living metric continues to climb this week, indicating that long -term holders (LTH) is increasingly liquid for their assets. Vivacity measures how often the parts are displaced by portfolios, and an increase in this metric indicates a sale pressure.
While the LTHs leave the market, their sale could have a negative impact on the price of Ethereum. Given that these investors generally hold by volatility, their decision to sell can point out a lack of confidence in the short -term ETH perspectives. This sales trend could hinder Ethereum’s efforts to violate the $ 3,000 mark, just as it contributed to ETH’s consolidation in May.
The LTH play an essential role by supporting the price of Ethereum, and their exit could make more difficult for Altcoin to maintain a strong upward trend. If this trend continues, Ethereum may have trouble reaching $ 3,000.
The price of the ETH must find a way
Ethereum’s price is currently at $ 2,769, up 14.6% this week after having escaped a consolidation of a month under $ 2,681. ETH is now facing resistance at $ 2,814.
The price of Altcoin is about 8% of the $ 3,000 mark, which it reached for the last time in February of this year. If the LTH selling larger stops and market indices remain optimistic, the price of Ethereum could reach $ 3,000.
However, if the LTH in progress continues to prevail over the bruise indices, Ethereum is likely to go back to its level of support at $ 2,681. The loss of this support could trigger new drops, potentially sending the ETH to $ 2,476. If this happens, the increased thesis would be invalidated and Ethereum could enter another consolidation phase.
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