PiCK
[Analysis] "Ethereum, Reduction in Long Position Liquidations... Bullish Outlook"
Suehyeon Lee
- It was reported that Ethereum is expected to show a significant upward trend in the first quarter of next year.
- Ethereum long position liquidations are occurring less than expected, indicating high investor confidence.
- It was stated that Ethereum's price is showing a pattern similar to last year, suggesting a potential upward trend.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Image=CryptoQuant
There is a forecast that Ethereum (ETH) will show a significant upward trend in the first quarter of next year.
On the 30th (local time), CryptoQuant author Crypto Sunmoon stated, "Despite the sharp price correction, Ethereum long position liquidations are occurring less than expected, indicating high investor confidence," and predicted, "A significant upward trend can be expected in the first quarter of 2025."
According to the author, recent Ethereum liquidity providers are reducing long position liquidations, and the price is showing a pattern similar to last year. Currently, Ethereum is trading at $3359.98 on CoinMarketCap, up 0.24% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.PiCK News
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