Ethereum

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Maarten Regterschot, a CryptoQuant contributing analyst, <a href="https://twitter.com/JA_Maartun/status/1727361184595398772" rel="noopener noreferrer nofollow">pointed out</a> a significant trend in the Ethereum (ETH) market.&nbsp;
His observations reveal a "systemic buying" pattern in <a href="https://u.today/ethereum-futures-etf-scarred-by-low-trading-volume-at-launch-possible-reasons" rel="noopener noreferrer nofollow">Ethereum futures</a> that is characterized by a noticeable increase in open interest.&nbsp;
Specifically, Ethereum futures have seen an addition of $700 million so far, indicating a strategic accumulation of assets over a period.&nbsp;
<h2 id="understanding-twap-buying">Understanding TWAP-buying</h2>
<a href="https://u.today/quickswap-crypto-exchange-has-integrated-orbs-dtwap-protocol-details" rel="noopener noreferrer nofollow">TWAP</a>, or time-weighted average price, is a strategic approach employed primarily by large-scale traders or institutional investors.&nbsp;
It involves spreading out the purchase of assets over a specified period to achieve an advantageous average price, thus reducing the impact on the market price.&nbsp;
The recent development could signal a bullish sentiment among major investors and could potentially influence Ethereum's market trajectory.
<h2 id="ethereum-eth-price-nears-key-support-level">Ethereum (ETH) price nears key support level&nbsp;</h2>
Ethereum's current trading pattern is of particular interest as it approaches a key support level, identified around $1,925.&nbsp;
Support levels are crucial in trading, signifying a price point where a downward trend could pause due to increased demand.&nbsp;
Despite recent price swings, with Ethereum oscillating between $1,940 and $2,018, it has notably stayed above the $2,000 mark <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">at the time of reporting</a>.&nbsp;
This persistence near the support level might indicate a robust market sentiment for Ethereum, presenting potential buying opportunities. However, it also raises a cautionary note since any break below this level could lead to further price declines.&nbsp;

Ethereum (ETH) Sees “Systemic Buying,” Analyst Claims

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