The negative atmosphere that lasted for days on the Ethereum front disintegrated and the investors laughed. ETH, who has been constantly out of money for 10 days, entered 20 million dollars in a single day. So, what does this rapid transformation mean to Ethereum?

Ethereum: Money flow started again

According to data from Coings, there was a new entrance of $ 20 million on Thursday to Ethereum on Thursday. Previously, a total of 600 million dollars of funds output for 10 consecutive days from ETH.

This development points to a serious change in the perspective of investors. Because the desire to buy ETH again appeared in the market. Investors began to find Ethereum, one of these price levels, attractive again.

Interest is increasing with futures

Another development that strengthens this positive atmosphere in Ethereum came from the futures market. In the last 24 hours, Ethereum’s open positions increased by 4 %and reached $ 20 billion.

The increase in open positions in the futures transactions is an indication of the market that the market will move. Investors act with the idea that ETH can reach higher prices in the future. This may raise the price of Ethereum in the short term.

New target in Ethereum price: $ 2,361!

According to the latest data we have obtained as Kriptokoin.com, the MACD indicator on Ethereum’s daily graphic began to signal a clear rise. The price of ETH can be reached to new peaks in the coming days with the effect of this indicator.

In technical analysis, MacD’s blue line is about to pass the orange signal line upwards. This means a strong purchase signal. If investors’ interest in Ethereum continues to increase, ETH’s next target may be $ 2,361 in the short term. Ethereum investors now turned their eyes to the White House Crypto Summit on March 7. Positive explanations from the summit may further accelerate the rise trend in Ethereum. Investors are enthusiastically waiting for whether this sudden turn in ETH is sustainable.

Before the summit, excitement is at its peak!

The next movement of the Ethereum price depends largely on the messages that will come out of the summit. After this critical meeting, investors’ interest in Ethereum may increase and purchases may accelerate. In the short term, the possibility of a new rally in prices is strengthened. The countdown has begun for Ethereum, all eyes have been turned into news from the summit!