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What is the basis of Ethereum’s rise and fall (what is the impact of Ethereum’s rise and fall)

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. The second is an increase in the inflow of contract funds. Thirdly, leveraged traders draw conclusions from their analysis of the spot and derivative markets: when there is a long/short position in a contract, it will lead to a two-way conversion between long and short positions (and vice versa), and at this point, a unilateral upward trend will be formed; If mainstream assets such as Bitcoin experience a significant decline, it means that multiple forces have been weakened. 2. The profits of leveraged traders come from the returns and handling fees of trading platforms; For contract trading, due to the platform not providing investors with sufficient investment returns, hedging operations cannot be carried out

What is the impact of the rise and fall of Ethereum

According to Coinmarketcap data, ETH24H rose as high as 11.82%

The price of Ethereum has risen by about 15% in the past few weeks. As of the time of publication, the index had dropped to -0.066. According to the data provided by Glassnode, the downward trend since July is due to the fact that investors put their portfolios into Cryptocurrency, resulting in a sharp correction in prices

The daily trading volume of Ethereum also showed a downward trend from May, but the last time was in early August 2019, when Ethereum hit a record high of about $29000

At present, the number of active addresses on the Ethereum network is 357000, an increase from the previous one; The daily average trading volume (DAA) reached $13.96 billion, a decrease of nearly 70% compared to the same period last year

If the Ethereum can break the historical high and maintain its market value before the end of the year, it is expected that the Ethereum will soar to more than 100000 dollars in the coming months.

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