"Ethereum to regain upward momentum if it reaches 4580 dollars"

Son Min

Summary

"It analyzed that Ethereum (ETH) could regain upward momentum if it recovers 4580 dollars."
"A large unrealized loss occurred around the 4580-dollar level, and it said an upward trend is expected if it converts into unrealized profit."
"CrazyBlock said about 1.2 million ETH was accumulated at 4590 dollars, and forecast that investor sentiment would greatly improve if that price is recovered."

An analysis said Ethereum (ETH) would regain upward momentum if it recovers the 4850 dollars level.

On the 23rd (local time), a CrazyBlock CryptoQuant contributor said in a report, "A large unrealized loss occurred around 4580 dollars," and "if that loss turns into unrealized profit, Ethereum's upward momentum could be restored."

They also said many investors bought Ethereum at the 4590 dollars level. CrazyBlock said, "about 1.2 million ETH was accumulated at the 4590 dollars level," and predicted, "if that price range is recovered, investor sentiment will greatly improve."

ETH