Analysis: Ethereum demand is booming, investors are still bullish

CryptoSlate published an analysis article saying that although Ethereum has fallen by nearly 15% in the past few days, market trends indicate that most investors or at least one large trader still believe that Ethereum will continue to rise. Su Zhu of Cryptocurrency and Exchange Fund Sanjian Capital observed that on April 10, there was a large Ethereum buying area on Bitfinex, and buyers put in a bid price of 250,000 ETH between $ 159 and $ 162, equivalent About 40 million US dollars. At the same time, IntoTheBlock's indicators also indicate that Ethereum is "mostly bullish" rather than neutral or bearish. In addition, Reddit will launch news events such as Ethereum-based community points, which also shows that the adoption of ETH is booming.