🔍 A few brief notes from analysts about ETH.

📖 On the 4-hour timeframe, Ethereum is forming a bullish crossover of the MACD indicator, which may provoke a breakout to the recent resistance line and a potential price increase above current levels.

📖 Despite $ETH trading close to the peaks of March 2024, the level of unrealized profit is currently significantly lower. Back then, at a price of $3.98K, the Relative Unrealized Profit metric reached +2σ, whereas now it is only approaching +1σ. Achieving +2σ now may indicate a rise to ~$4.9K.

📖 The trading volume of futures on altcoins and Ethereum has reached $223.6 billion - a maximum in 5 months. The share of BTC in futures volumes on CEX has fallen to 17%, while altcoins and ETH now account for 83%. Out of 424 futures pairs on Binance, only 23 show losses after the BTC ATH update. Retail demand is rising again: the number of BTC transactions under $10K increased by 9.7% over the month - such a signal has often preceded growth.

📌 Meanwhile, a consortium of Deutsche Bank (DWS), Flow Traders, and Galaxy Digital has launched EURAU – the first euro stablecoin with BaFin licensing and full compliance with MiCA standards.

📖 The Ethereum-based token has 100% backing by reserves in European banks, supports proof-of-reserves, and is aimed at the corporate sector with integration into ERP and treasury systems of companies.

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