Crypto Traders Are Longing ETH

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Ethereum longs on Bitfinex have increased 170% since breaking into record highs during late February.

The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March.

Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto market crash.

Ether longs dominate crypto markets

Since breaking into record highs on Feb. 26, ETH/USD longs on major crypto exchange Bitfinex have increased by 170%, with the violent Black Thursday mid-March crash failing to drive even a modest retracement among Bitfinex’s bulls.


ETH/BTC longs have also grown significantly in recent weeks, however, has been increasing steadily since early 2019


After increasing roughly 50% from March 2019 until the start of 2020, ETH/BTC longs shot up by a further 83%.

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