Bitcoin (BTC) edge is close to $ 91,300 on February 3, but Ether (ETH) remains at least $ 2,080 or more than $ 2,080 per month.
I think that the Solana ecosystem and the (SOL) token are under pressure for the last few weeks, and if the dust is fixed, it can be swinged with Ether’s favor. .
The analyst said Ether Leeum’s risk compensation is excellent.
Anonymous password analyst Doctor Profit published a detailed Etherum report on X, citing potential ETH revenue for the next few months.
Ether Lee Rim 200 week EMA level analysis. Source: x.com
Based on the historically accurate technical indicators, the analyst said that the ETH was “very strong” about Altcoin after the ETH was only 18%of the EMA level. The trader added that this indicator was consistently popping out in 2020 and set the lowest range in the bear market in 2022.
โRisk rewards are excellent here! Potential movement to 8-10K is about 200%, and the worst case is only 20%. Risk compensation ratio: Excellent. โ
In addition to the indicators, the analysts presented two high-time fram (HTF) settings, including two years of high-order channel and ascending triangle patterns.
ETH liquidity zone. Source: Hyblockcapital
Doctor’s interests explained that most of the liquidity remains more than $ 4,000. If the optimistic joining with the pattern is formed, the market marker is expected to remove the ether toward the liquidity cluster.
Overall, the rise is about 200%at the current price, but the drawdown is up to 20%more than the current price.
Ether Leeum cost standard distribution chart. Source: x.com
On the other hand, the data of GlassNode indicates an increase in investors’ accumulation activities for $ 2,632 supporting 786,000 ETH, pointing out the cost reference distribution of ETH. However, it is important to note that higher accumulation clusters are $ 1.2 million for $ 3,150. Data platforms derive as possible
“This trend suggests that investors are falling on average, and they are accumulating ETH at low prices rather than completely out of position.”
Related: Bitcoin daily transfer decreases by 76%, but $ 160B net capital increase is optimistic -analysts
Does Ether Leeum surpass Bitcoin in the short term?
Recent BYBIT ETH HACK is expected to reduce ETH’s market structure, but Altcoin has been maintained in the market. The analyst ‘Crypto Sun-Moon’ is an increase in the TAKER BUY-SELL ratio of Ethereum, an confirmed onchain analyst for Cryptoquant, and the BTC is currently decreasing.
Bitcoin University Ether Leeum Taker Sales Ratio. Source: x.com
The TAKER BUY-SELL ratio emphasizes the amount of purchase orders in relation to sales orders, and the rise indicator shows strong purchase pressure. Historically, this dynamic change has allowed ether to get more optimistic momentum for Bitcoin in the short term.
From a technical point of view, ether can be seen a little better than Bitcoin. However, the biggest daily point since February 24th after February 24 is still reduced by 6%. Otherwise, market feelings can be weakened with Altcoin.
Ether Leeum Day 1 Chart Analysis. Source: COINTELEGRAPH/TradingView
Related: Why is the encryption market apart today?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.