Ethereum (ETH) is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch.
Ethereum investors are underpricing the impact of spot ETH ETF launch, says K33 Research. Grayscale's moves to reduce potential outflows for ETHE upon its ETF conversion. Ethereum could face sell-off if key indicator declines further. Ethereum is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch.
The liquidation data aligns ETH's Taker Buy Sell Ratio, which measures the number of buy orders versus sell orders. The ratio is at 1.004, indicating the bearish pressure has cooled. Additionally, ETH's 180-day Market value to realized value ratio, which measures the profitability of all coins purchased in the last 180 days, is hovering around -5 %, meaning most short-term holders are at a 5% loss. This is its lowest level since October.
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