These key ETH observations could be crucial for your next market move
Ethereums native currency ETH has been relatively dormant for almost two weeks during which it delivered some sideways activity. This performance may not last for long as ETH might be about to regain volatility according to this new data. Basahin ang hula ng presyo ng Ethereum [ETH] 2023-24 The latest data from Glassnode revealed that ETH bears were losing grip over the market. This may create an opportunity for the bulls to dominate. But are the bulls ready to take over? First, let‘s take a look at some of the latest market observations that may offer insights into the market’s next direction. The latest Glassnode data revealed that the amount of ETH flowing into exchanges was at its lowest level in the last four weeks. This can be translated as a drop in sell pressure. ???? #Ethereum $ ETH Exchange Inflow Volume (7d MA) just reached a 1-month low of $11,224,406.65 Ang nakaraang 1 na buwang mababa na $11,740,219.01 ay naobserbahan noong 19 Mayo 2023 - Mga alerto sa salamin (@glassnodealerts) Mayo 22, 2023 In addition, Glassnode data also showed that more ETH holders were staking their coins. As a result, the total value locked in ETH 2.0 deposit contracts has been on the rise and it