According to Deep Tide TechFlow news, on November 18, analyst Markus Thielen's latest report pointed out that there were data signal warnings for Ethereum's recent price adjustments.
Since the summer, the price of Ethereum has mainly been supported by continuous buying from Bitmine. As this buying pressure subsides, coupled with the fact that cumulative net inflows into Ethereum ETFs have reached $10 billion and long positions are at a high level, the lack of new capital to take over has resulted in price pressure.
As of now, Ethereum has accumulated a correction of about 10% this year, with a decline of nearly 20% since the risk warning. Analysts also emphasize the importance of relying on data to establish investment advantages.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Sees Daily Outflow of $16.03M While Ethereum and Solana ETFs Record Gains on April 27
Gate News message, according to the April 27 update, Bitcoin ETF recorded a daily net outflow of 209 BTC ($16.03 million), while maintaining a weekly net inflow of 9,987 BTC ($767.27 million). Ethereum ETF showed a daily net inflow of 24 ETH ($56,000) and a weekly net inflow of 41,013 ETH ($93.35 mi
GateNews52m ago
Coinshares: $1.2B Crypto Inflow, Bitcoin Leads Fund Flows
Cryptocurrency investment products received $1.2 billion in inflows last week, marking the fourth consecutive positive week, according to a Coinshares report. Bitcoin surged above $79,000 before Asian market opening, though the move was short-lived, with BTC subsequently dropping to around $77,600.
CryptoFrontier2h ago
Ethereum Outperforms S&P 500 by 1,696 Basis Points Since U.S.-Iran Conflict, Says Tom Lee
Gate News message, April 27 — Tom Lee, chairman of Bitmine, stated that Ethereum has outperformed the S&P 500 index (U.S. benchmark equity index) by 1,696 basis points since the U.S.-Iran conflict, making it the best-performing single asset globally aside from crude oil. According to Lee, ETH has de
GateNews2h ago
Bitmine increased its holdings by more than 100,000 ETH last week, and its total holdings exceeded 5 million ETH units/coins.
Bitmine’s total ETH holdings have surpassed 5 million coins, accounting for 4.21% of the supply. Last week, it increased its holdings by more than 100,000 coins. This article analyzes the cadence of institutional holdings, the impact of on-chain concentration, and market outlook scenarios.
GateInstantTrends2h ago
ETH Liquidation Data: $1.254B in Short Liquidations at $2,424, $641M in Long Liquidations at $2,212
Gate News message, April 27 — According to Coinglass data, if Ethereum (ETH) breaks above $2,424, cumulative short liquidations on major centralized exchanges would reach $1.254 billion.
Conversely, if ETH falls below $2,212, cumulative long liquidations on major CEXs would reach $641
GateNews2h ago
Galaxy Digital OTC Address Deposits 15,000 ETH to Exchange, Worth ~$34.74M
Gate News message, April 27 — Galaxy Digital's OTC-linked address deposited 15,000 ETH, valued at approximately $34.74 million, to an exchange today, according to on-chain analyst Ai 姨.
Tracing the funds backward, the ETH batch originated from a 38,000 ETH withdrawal from Aave one week ago.
GateNews3h ago
