October saw Etherum Ly thly biggest sale since July
Eteetum from long-term holders (luts) position their position from long-term sellers lower their prices and raise the pressure around the market.
As of November, there are signs of renewal among the owners of ANCs from the initial market.
As the doubt of Etherum Cighters pointed out
In the year Since July From the month of July, it shows Romem / long-term children's vacation. Spots in the metic indicate that older coins have been moved or sold by investors who are selling thick coins. Cumulative activity in October
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This growth in the height of the sales load reflects a growing doubt in the eheetum's remaining-term performance. Many carriers have the ability to take profits in interesting price action, perhaps contributing to the upside.
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In chain data, the electron network activity shows the same pattern as follows. The number of new addresses was mostly used in October, but it was well immersed during the last week.
This decline is not to close the short-term market weakness as the prices rise as quickly as the prices. However, this slow down can be temporary. If new addresses and network participation are found again in November, Etherum will renew the renewal liquidity.
Ethical value requires investment support
At press time, the price of eheetumum is at $4,002 dollars, maintaining a narrow level that will hold for three weeks around the psychological $4,000 level. Failure to adjust to higher levels highlights the effects of continued selling and poor investor confidence.
In the near term, the endowment may try to test the $4,221 resistance level. However, without strong market conditions, it may be condemned between its resistance and support at $3,742.
If there is a broader area correction, ETERERUM may break above $4,221 and target $4,500. To $4,956 – 4,956 – which is the high for the past period – will lose the support view and restore the market.
