Can ETH pull off a strong bounce back as exchange balances reach 4-year lows?
Ethereum Can ETH pull off a strong bounce back as exchange balances reach 4-year lows? 12 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Ethereums native cryptocurrency just concluded the week with a sizable bearish pullback. There is more directional uncertainty as a result, but multiple indicators and metrics may offer some much-needed clarity. Magkano ang 1,10,100 ETH worth today? For perspective, ETHs $1534 price tag represents a 9% pullback within the last five days. A couple of things to note about the price action- The pullback puts it within the 50% RSI level and the bears seem to have lost most of their momentum at this level. In addition, the outflows indicated by the MFI are leveling out. Pinagmulan: TradingView More importantly, ETHs 50-day Moving average recently crossed above the 200-day MA from below, forming a golden cross. The latter is a bullish sign, hence this may yield bullish expectations among investors. Do ETH bulls have a chance to regain dominance? Some of ETH‘s on-chain metrics are leaning in favor of bullish expectations. The latest Glassnode alerts reveal that the cryptocurrency has been flowing out of exchanges. ETH’s balance on exchanges tanked to a 4-year low of 18,946,696.667 ETH. ???? #Ethereum $ ETH Balance on Exchanges just reached a 4-year low