Copper Supply Squeeze Sends Warning to Markets
Copper supply is tightening fast, and traders are paying a major premium for metal available immediately.
The LME front-month copper spread jumped to around $370 per ton on Friday, the widest one-month premium since the 2021 supply squeeze. This kind of move usually signals strong demand for near-term copper and limited available supply.
With copper essential for power grids, EVs, construction and renewable energy, any further inventory decline o...
$ETH is struggling to reclaim the $1,920 level as ETF inflows lose momentum.
At the same time, BitMine now holds around 5.81M ETH, representing roughly 4.8% of Ethereum’s supply, with over 5M ETH staked.
Short term, ETH needs to break back above $1,920 with volume to regain bullish momentum.
The bigger question: will institutional accumulation eventually outweigh the current lack of ETF demand?
💰 Ethereum
Currently, the price is moving according to the scenario outlined in the previous analysis. Considering the overall situation in the cryptocurrency market, my outlook has shifted towards the formation of a global correction, rather than a local one.
The first target for an upward correction is 2400.00, and the second is 3150.00. The trend is downward, so the priority is a decline to 1000.00.
#ETH | #Ethereum | $ETH
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