Ethereum increases 12% in a week, but the derivative data suggest caution

Ethereum is gradually taking up the momentum after a recent correction, now trading more than $ 1,700, reflecting an increase of 12.2% in last week. This recovery drew the attention of analysts, who seem to examine the movement of the assets for signs of sustained force or renewed volatility.

Despite this short -term increase, the ETH remains around 63% below its summit of $ 4,878 reached in 2021, highlighting the wider slowdown which characterized the Ethereum market since the end of 2021.

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Ethereum derived exchange entries point to potential volatility

The data and exchange flows on the recent channel suggest that the trajectory of Ethereum prices can be influenced by wider macro factors and strategic trading behavior. Among the latest observations is a notable increase in the ETH sent to derivative exchanges, a metric often linked to increased speculative activity or changes in the positioning of traffic.

This trend, associated with key political developments in the United States, has raised new questions about what could be next for Ethereum and the wider cryptography market.

According to an analysis by AMR Taha, a contributor to the Quicktake platform of Cryptochant, Ethereum recorded unusual entries in derivative exchanges during the last 48 hours, with a point more than 80,000 ETH.

Historically, such entries are seen before the increased volatility periods, while traders transfer the assets to take advantage of the positions or hide against the expected price movements. Although it is not a final predictor of orientation, this behavior suggests an increase in expectations of a short -term market activity.

Taha’s analysis notes that the influx coincided with a recent political declaration by US President Donald Trump, who confirmed that he did not intend to withdraw the president of the Federal Reserve Jerome Powell.

This announcement was interpreted by markets as a signal that the Fed will continue to operate independently, which supports concerns concerning political interference in monetary policy.

Taha notes that taking into account the way in which cryptographic markets react to the tone of the central bank and economic indicators, this development has added a layer of macro stability to a market already reacting to technical signals.

BTC activity activity and whale derivatives suggest tactical changes

While specific data in Ethereum remains the main objective, Taha has also highlighted the key movements of the Bitcoins markets which can have indirect effects on the ETH. On April 23, more than $ 600 million BTC dollars were transferred whale portfolios to exchanges, marking the largest BTC entry of a day in several weeks.

This came after an escape in the BTC / GBP pair, which sparked significant short liquidations. According to Taha, the large transfer of BTC can reflect a configuration where late long entries could cope with a drop risk if the sales pressure is intensifying.

For Ethereum, this backdrop increases the possibility of a short -term retirement, especially if the correlated sale occurs in the main digital assets.

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An accumulation of long positions located just below current price levels, associated with the newly added exchange offer, introduces liquidity areas that the market can test. Consequently, the BTC and the ETH could see increased volatility in the short term, driven by loss hunts or a for -profit activity.

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