5 Charts explaining the current collision Etherum

Etherum The price collapsed this year and floats near its lowest level since September last year.

Ethereum (El) He traded a predlendate in the last year of $ 2,200 in the last check, over more than 45% of his highest point in November last year. Several crucial charts explain why Elina’s price collapsed and provides hints for expecting this year.

Etherum price formed a triple upper sample

The weekly chart shows that the ethnic price has become strong resistance to about $ 4,000 in 2024. Years. This pattern is characterized by three peaks and necklets, and is one of the larger bears on the market.

ET has now fell on the cleavage to $ 2,150. Therefore, a clear vacation below that level risks more missing, potentially at $ 1,176, up to 45% from the current level.

Spot ETFS has outflows

Meanwhile, the ETFS point had significant outflows in the last few weeks.

And while these funds attracted Cumulative inflows in the amount of $ 2.82 billion, it’s a lot smaller numbers compared to Bitcoin’s $ 38 billion.

Ethema outburst

ETH The price also collapsed as the output output of the draw. Data The elders show that the placing cap is rejected by 20% in the last seven days to 74.5 billion dollars. They had outflows in the last four straight days.

A good example of this is Lido, the largest liquid placement network in the crypto industry. The total value in Lido is locked with over 10.1 million EM to 9.41 million.

Etherum Balances on Exchange Raise

Further, there are signs that more investors sell their ethics. One way of finding this is to consider an exchange balance. COIGENTLASA data show that in the last few days increased in the last few days. These balance sheets increased to 15.40 million, the highest level of 1. February.

Ethereum Fees are Pale

Further, Etherum has been a price fallen because it is no longer the most profitable player in the crypto industry. Etrum earned $ 198 million this year, which means that other players overreact them in the crypt industry like Unisvap (Uni), Circle, Solana (Salt), Jito (Jto) and the throne (Twitch).

Other cartels explain the liquid decline in El. For example, this chart It shows that Etrum loses market share in the DEX industry, where the network layer-2 like arbitrums and bases are fighting. Another Map Sounder Shows Etherum whales sell a coin.