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.