Gideon Geoffrey Last Updated November 30, 2023 @ 23:57
Amid a flurry of altcoin price action over the past twenty-nine days, none fared better than Ethereum; once again reaching its previous high. Markets opened Wednesday with renewed vivacity, pushing through the longstanding $3K resistance at $1,932. A few tweaks were seen throughout the session, powering Ethereum to its maximal 7% gains for the day. Experienced technician Maarten Regterschot deduced what he believes to be a plain case of “systematic buying” activity in Ethereum Futures. By viewing the occurring increase of the asset’s open interest, it became apparent that the buying was significantly higher and with greater purpose than previously observed.
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