Express
CryptoQuant: ETH Short-term Support Range is $3980 to $4020, Resistance Range is $4450 to $4550
Summary: According to CryptoQuant analyst CryptoOnchain, the Ethereum market leverage ratio is close to a historical high (ELR at 0.68), with Binance having a lower leverage ratio (0.52), indicating higher leverage usage on other exchanges. Additionally, Binance's net inflow is significantly higher than the exchange average, potentially signaling local selling pressure risk. Medium-term bullish factors include ...
According to CryptoQuant analyst CryptoOnchain, the Ethereum market leverage ratio is close to a historical high (ELR at 0.68), with Binance having a lower leverage ratio (0.52), indicating higher leverage usage on other exchanges. Additionally, Binance's net inflow is significantly higher than the exchange average, potentially signaling local selling pressure risk.
Medium-term bullish factors include institutional demand and network growth: the US Ethereum spot ETF daily net inflow reached a record high of $7.266 billion, with total holdings surpassing 5 million ETH (approximately $20.3 billion); Ark Invest and Fundamental Global purchased 30,755 ETH and allocated $200 million to Ethereum inventory, demonstrating increased institutional confidence. At the same time, on-chain transaction volume hit a new high, staking participation continues to grow, regulatory support for liquidity staking is clear, and upcoming upgrades (Pectra)
Tags:
Link: CryptoQuant: ETH Short-term Support Range is $3980 to $4020, Resistance Range is $4450 to $4550 [Copy]
