Ethereum in the spotlight: Is a key movement approaching?
In recent hours, Ethereum ($ETH) has captured the attention of the crypto community due to the growing expectation surrounding possible updates to its network, the increase in volume in derivative trading, and a slight but steady bullish pressure in the short term.
In spot trading, ETH has maintained stability above key levels, but still faces resistance to break the $3,000 zone.
In the margin market, traders are taking advantage of its predictable behavior to trade with leverage, highlighting the importance of proper risk management. Meanwhile, in futures, open interest has increased, signaling that many traders are positioning themselves for a possible breakout, either upward or downward.
Indicators like BTCDOM and TOTAL3 show a slight decrease in Bitcoin's dominance, which could allow Ethereum and other altcoins to regain prominence. However, the sideways movement of the last sessions demands caution and a clear strategy for those looking to trade with ETH.
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