Kraken Issues Warning to Ethereum Investors, Says ETH Sell-Side Pressure Trending Higher - BitcoinEthereumNews.com
EthereumKraken เตือนนักลงทุน Ethereum แรงกดดันด้านการขายของ ETH มีแนวโน้มสูงขึ้น03 / 07 / 2022ข่าว Bitcoin Ethereum Top crypto exchange Kraken is warning Ethereum (ETH) investors that some on-chain metrics are suggesting further downside pressure on the second-biggest digital asset by market cap. คราเคน พูดว่า via Twitter that an increase in ETH flowing into exchanges could mean that bears currently have the upper hand on the bulls. ETHs netflows on exchanges show that market participants are moving ETH onto exchanges, suggesting sell-side demand may be outpacing buy-side demand. Should this trend continue, ETHs price may drop as immediately marketable supply increases. ที่มา: KrakenFX/Twitter Although Kraken is seeing signs of increasing sell-side pressure for Ethereum, the crypto exchange notes that one on-chain metric suggests that ETH is gearing up for a bounce. Kraken says in a new report that Ethereum‘s market value to real value Z-score (MVRV Z-score), which compares an asset’s market value to its realized value and is used to detect overbought or oversold conditions, is currently hovering in bullish territory. “With ETH down almost -37.5% from all-time highs, the crypto asset‘s MVRV Z-score reading of 1 indicates that ETH is in ’oversold‘ territory and is back on the rise. ETH’s MVRV Z-score confirms that ETH has entered a correction and could