[ad_1]

2 key Ethereum price indicators point to traders opening long positions

Ether (ETH) price has been unable to close above $1,400 for the past 29 days and it has been trading in a relatively tight $150 range. At the moment, the $1,250 support and the $1,400 resistance seem difficult to break, but two months ago, Ether was trading at $2,000. The current price range for Ether simply reflects how volatile cryptocurrencies can be.

From one side, investors are calm as Ether trades 50% above the $880 intraday low on June 18. However, the price is still down 65% year-to-date despite the most exciting upgrade in the network’s sev-year history.

Ether vs. MATIC, SOL, BNB: Source: TradingView
Ether 60-day options 25% delta skew: Source: Laevitas.ch
Exchanges’ top traders Ether long-to-short ratio. Source: Coinglass