ETHUSDLONGS
Thoughts
At the moment, we are seeing a new surge of interest in ETH long positions from traders. This growth is extremely interesting, because the last time such "green" sentiment was observed at the beginning of 2023, after which we saw a strong drop and subsequent consolidation almost 4 months long.
The growth of longs will mark an increase in interest in the asset from buyers, which in the future may mean the upcoming green chart.
But do not blindly look at one indicator or factor. Look at the situation globally and make informed decisions.
If you like the idea, don't forget to subscribe and rate like👍
Thoughts
At the moment, we are seeing a new surge of interest in ETH long positions from traders. This growth is extremely interesting, because the last time such "green" sentiment was observed at the beginning of 2023, after which we saw a strong drop and subsequent consolidation almost 4 months long.
The growth of longs will mark an increase in interest in the asset from buyers, which in the future may mean the upcoming green chart.
But do not blindly look at one indicator or factor. Look at the situation globally and make informed decisions.
If you like the idea, don't forget to subscribe and rate like👍
Update
The surge in activity of traders led to an increase in volumes in the market, which indicates a growing interest in the asset. It is also connected with the release of different coins in the ether network.
The increase in longs is a sign of strengthening buying positions, which may indicate a potential green move in the near future. However, it is important to remember that the analysis of one indicator is not a guarantee of success. Look at the market in a complex, analyze different data and make informed decisions.