Ethereum Price at Two-Week Low as $4B Supply Overhang Looms
Ethereum faces macroeconomic uncertainty in front of a large stopping supply lock that can add additional wind to a fragile crypto market.
The second largest crypto currency of the market value rose from $ 4,350 to $ 4.150 on Tuesday, and showed Coingecco data close to the lowest two -week level.
Compatible with motion Bitcoin’s last correction For $ 112,000.
Ethereum ETFs, late and two -week significant entrances last week and on Monday, on Friday Federal Reserve’s Jackson Hole meeting before the investor interest and a stopping output of the investor’s interest in the output of two consecutive exit.
The existing tail on Ethereum’s betting evidence network stands in 910,461 ETH, worth $ 3.91 billion, which shows that the Stakers want to solve their tokens.
Data Confirmatory tail It shows a 15 -day waiting time for this supply to enter into force.
“The record highest output queue, many participants wants to lock the gains with Ethereum trade close to $ 4,900,” the Liquid Fund Partner of Hashkey Capital, “Record Highest of Record Most, 2021,” he said. Solve the password.
While making a profit continues to be a “dominant reason ,, Han“ The last increase in the Ethereum borrowing rates on Aave made previously popular leverage stoping trade less applicable. ”
Leverage Stoping Trade involves borrowing to endanger Ethereum with a liquid coin.
Ethereum ETFs lose 197 million dollars – even worse than Bitcoin
The last increase in borrowing rates was forced to relax the positions and to repay loans, Han Han said.
Compared to the output supply of $ 3.91 billion, the request of the new Ethereum stands well below the demand for $ 258,951 ETH or roughly $ 1.09 billion.
Output tail “Prevents mass confirmatory output”, Ethereum developer Preson Van Loon tweeted Saturday, without him, verifiers, Ethereum’un perceived or expected during an expected attack may rush to go out and weaken the economic security of the network when the most needed. “
In any case, once undecided, supply will probably enter the open market.
Wintermute’s OTC merchant Jake Ostrovskis, investors, “Friday’s Jackson Hole was at risk before” he wrote, “he wrote post At the beginning of this week. The manufacturer of Thursday, including the Price Index, comes after a number of concern economic data broadcasts last week.
Jerome Powell, President of the US Federal Reserve, will clarify the highly anticipated September rate decision.
Analysts are waiting for a hawk speech that leads to risk with an unknown unknown ‘in the calendar’, Ostrovskis, Ostrovskis to add.
