{"id":424898,"date":"2020-05-23T20:00:44","date_gmt":"2020-05-23T20:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=424898"},"modified":"2020-05-23T19:45:47","modified_gmt":"2020-05-23T19:45:47","slug":"ethereum-long-positions-rising","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-long-positions-rising\/","title":{"rendered":"Ethereum Long Positions Continue Rising at a Rapid Rate; Factors to Consider"},"content":{"rendered":"
Ethereum has been able to maintain its position above $200 despite facing some intense selling pressure earlier this week.<\/p>\n
The cryptocurrency is now attempting to generate some upwards momentum as it fast approaches a key resistance level.<\/p>\n
Traders do anticipate this level to be surmounted in the days ahead, as its technical outlook has been bolstered by its strong recovery from its recent lows of $190.<\/p>\n
This comes as traders on Bitfinex continue piling into long positions, pushing the notional value of ETH longs on the platform to reach fresh all-time highs.<\/p>\n
Ethereum Stabilizes Above $200 as Analysts Eye Further Upside<\/strong>\u00a0<\/strong><\/h2>\n