Record number of Ethereum longs from Bitfinex

Bitfinex’s long positions for Ethereum set a record.

Josh Olshevich mentioned in a Twitter post that ETH’s longs reached record highs on May 12, accounting for $ 308 million, almost 1.4% of the platform’s circulating supply. 

The number of open contracts was about 1.62 million – more than three times more than at the beginning of the year. 

It seems that although the second largest cryptocurrency performed significantly worse than Bitcoin , many traders remain optimistic.

Other analysts say Ethereum could meet significant resistance.

Twitter user nicknamed TraderXO has hinted that ETH will hardly reach $ 210.