Ethereum hits $2.6k – With 6M ETH staked, what’s next for price action?

• Institutional accumulation and records of the planting of liquid before ETH increased around $ 2,590.
• Open interest and recipient to buy the volume to confirm the growing beliefs because the shorts face liquidation pressure.

After weeks of strong signals on the string and institutional activity, Ethereum [ETH] He finally replied by escaping, which challenges the recent stagnation of the prizes.

At the time of the press, ETH traded for $ 2,600 after 6.3% of the daily increase.

This step follows the historical month of accumulation and activity. In June, over 6 million ETHs were added to the wallets outside the price drive Address accumulation at 22,7465 million. WITHImmultative, liquid planting hit a record of 35.5643 million ETH.

The combined data reflect the long -term beliefs of investors because the institutions are aggressively located before the recent price response.

Are whales and retail buyers finally aligned in the direction of ETH?

Over the last 90 days, the TAKER CVD has revealed the dominant volume of the recipient’s purchase, suggesting that aggressive buyers have taken over the market control. Market participants are increasingly willing to make ASK, a strong indicator of the bull’s sentiment.

This trend suggests that both institutional and retail traders expect upwards. Importantly, such activity activity activity tends to prevent larger directional movements, especially when supported by other metrics on the chain.

The alignment between the demand for shoes and the accumulation behavior indicates a more permanent ETH uptrend over short -term volatility.

The open interest jumps 10.47%: Does it strengthen the lever effect?

The open interest increased to 19.27 billion, which meant an increase in 10.47%, indicating that more traders are entering the market.

This increase in OI is in line with the bull signals in place and strengthens the momentum of Ethereum. When open interest increases with a positive price action, it often means that the new capital is entering long positions.

However, this also opens the door to future volatility if the exaggerated position squeezes. However, coordinated growth in markets with spots and derivatives emphasizes the closest strength in ETH.

Do the increasing valuation ratios threaten sustainability ETH?

NVT metrics and NVT metrics and warehouse metrics came out sharply and flashed the potential red flag. The NVT increase suggests that the current price of ETH overcomes the actual network activity and increases concerns about overcome.

Meanwhile, a steep climb of the ratio to the flow reflects a growing shortage, but not necessarily increasing usefulness.

These two metrics suggest that while the asset looks attractive in terms of lack, its basic use may not be fast enough to justify a higher award.

If the growth of real adoption does not arise, caution can be guaranteed.

Has the ETH launched the overvoltage of the liquidation cascade?

Depending on the thermal map of the Binance ETH/USDT disposal, large clusters of liquidation were launched under the $ 2,500 zone.

It seems that the escape over this level has erased numerous short positions with a high lever and created momentum by a brief press.

As ETH rises to $ 2,597, the liquidation belts have densely focused between $ 2,480 and $ 2,510, which can now act as a strong support region.

If ETH continues over this zone, it could develop further, as the bears will remain imprisoned and the bulls will regain control.

Ethereum escape over $ 2,590 comes after permanent accumulation on the chain, the dominant demand on the spot and the growing derivative activity.

While valuation metrics indicate caution, liquidation clusters indicate that bears are already under pressure. If bull momentum and network activity are strengthened, ETH can be prepared for a deeper rally.