Gains positions on derivative exchanges such as Bitfinex rise
Ethereum (ETH) rises on the stock exchange Bitfinex . The number of items increased significantly to 90 % in 2020
Ethereum-Longs increased their positions on the stock exchange Bitfinex since the beginning of 2020 to 90%. The data of the Quantum Economics-founder, Mati Greenspan show.
Greenspan, according to the COVID-19 had an impact-related uncertainties are not gentle on the Ethereum-margin traders. The expert emphasized the increase, and published at the same time a graphic is used to increase the Long positions in the stock market with a view on a large part of the current year to 2020. Here, a gradual increase is shown. Only in February a small break, the movement was recorded.
The graphical presentation attests to Ethereum in the beginning of April an excellent trend in the Market. Since the Crash in the 12.03.2020 prices rose by 100 %. In Parallel, Bitfinex showed a massive increase in the area of the margin trade.
Around 600,000 of ETH, the Ethereum-Longs in the Wake of increased bad situation in February of this year, the Trend so such had existed until March. A large part of the increase in area was recorded after the collapse in mid-March. According to the 12. March to the Trades of long-time traders in order to over 150%, which corresponds to a value of about 90% in the past four and a half months.
In the area of the Shorts, there is definitely a similar Trend, with the Maximum increase over 182.000 Ethereum. The Short-liquidations fell, however, by almost a third to less than 130,000 ETH. Meanwhile, the Longs gained in their positions, once again, over 20,000 ETH.
The ETH/USD price
The ETH-price has moved since the middle of February up to 280 US dollars, before a month later, the “Black Thursday” as the worst crisis in the market for crypto-currencies led in 2020, a decline of 108 USD. The second most important currency in market capitalisation could make the following a High in April to 220 USD with investors optimistic mood.
In the past week the market pulled back a bit, the currency pair of ETH/USD fell below the threshold of 200 USD, without direct hope, that the Coin of this level is breaking through again in a hurry.
Since last Monday, as gains were recorded in the case of the crypto-currency. Nevertheless, the stock exchanges have been pursuing their goal to continue to let the prices fall. Sellers offer massive resistance in the SMA 20 Zone. This could prevent the success of the bulls, who will try to carry the price back to 203 USD, so the exchange rate could then make again the Test, the prices for 210 USD.
Each new downward trend can move to the exit of the buyer to the supports at 197,50 USD and then to 187,65 USD.
At the time of printing, the spot price was slightly above US $ 200. The cops are trying to keep this important level.
Whether it’s a good change from the Proof-of-Work consensus mechanism (PoW) to Proof-of-Stake consensus mechanism (PoS) succeeds as hoped, and as a User record, the change will in the meantime be decisive for Ethereum future market performance.
Platform-founder Vitalik Buterin confirmed at the beginning of this week, the ETH 2.0 is still a good way to Start.
