, just as has been the case with many top cryptocurrencies. This confidence boost has led to a bit of a FOMO situation and, more importantly, the return of institutional demand.provide an opportunity for investors to gain exposure to the cryptocurrency. Such private funds are an attractive avenue for institutions, and thus they often highlight what the institutional class of investors are doing.
The number of sells peaked at over 105,000 in the last two weeks of October. On the other hand, the buys peaked at slightly above 57,000.One might expect a pullback for ETH in the next few days, considering that it was recently overbought after a robust rally. However, the bears have been finding it difficult to subdue the price.
A potential reason could be the fact that many ETH holders are opting to HODL rather than taking short-term profits. Notably, an analysis of exchange flows revealed that theIt is also worth noting that ETH exchange flows have cooled down considerably compared to the previously observed mid-month surge. ETH exchanged hands at
While the bulls showed resilience and demand prevails, traders should still exercise caution because the market could still seek correction.Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael's writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.
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