Ethereum [ETH]: Heres the question of profit now that ETH is above $2K
Bukod dito, the Directional Movement Index (DMI) revealed the +DMI (green) was comfortably above the -DMI (red). This suggested that ETH may sustain its uptick for a while. According to the charts, the MACDs position was a close call between bearish and bullish momentum. Interestingly, the indicator was above zero, indicating that buyers had more strength. Similarly, there was a slight difference in the buying pressure (blue) over the sellers (orange). For this reason, ETHs chances of a further uptick may be more than the potential of a downtrend. Ano pa ang nangyayari? Besides the cryptocurrencys price action, ETH traders in long positions seem to have seen more liquidations than shorts. According to CoinGlass, there have been more long liquidations in the top-three exchanges over the last 24 hours. Binance recorded $6.11 billion in liquidation for ETH long traders. OKEx reported $3.77 billion, while FTX was at $1.44 billion. Additionally, on-chain data platform Santiment nagsiwalat that there had been more outflows on exchanges than inflows, with an 8,200 difference. With traders seemingly taking profits, would it be that ETH investors are ready to follow a Dollar Cost Averaging (DCA) diskartey from now on? Finally, investors may need to look for any significant metric divergences before taking a