Ethereum

Шта је следеће за Етһереум након што китови ураде ово

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Битцоин Етхереум Невс


  • Ethereum’s supply held by top addresses spiked substantially over the last 30 days. 
  • Market indicators were bullish, but a few metrics suggested otherwise.

Као и већина криптовалута, Етхереум-ов [ЕТХ] price action also went sideways for quite a few weeks recently. As per ЦоинМаркетЦап, ETH’s price declined by over 1% in the last 24 hours. 

Да ли је ваш портфолио зелен? Проверите Етхереум калкулатор профита   

At the time of writing, it was trading at $1,825.01 with a market capitalization of more than $219 billion. The recent price action did not seem to have pleased the whales, as Glassnode’s data suggested that the big players were selling their assets.

Are whales on a selling spree? 

As per Glassnode’s tweet posted on 23 May 2023, the number of addresses with more than 10,000 ETH reached a six-month low of 1,156. This looked concerning, as it hinted that the token was under selling pressure. 

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Here is the twist…

However, that was not the exact case, as other datasets suggested otherwise. For instance, the number of non-zero addresses reached an ATH of 99,597,841.

In addition to that, Santiment’s data actually revealed that investors were not selling but rather accumulating ETH. The supply held by top addresses increased considerably in the last 30 days.

Moreover, Ethereum supply on exchanges registered a sharp decline, while supply outside of exchanges increased. This further proved that investors were actually accumulating the token. 

Извор: Сантимент

Does Ethereum accumulation mean a price uptick?

As high accumulation suggests investors’ confidence in ETH, a price hike in the short term could be possible. ETH’s MACD displayed a bullish crossover.

The Money Flow Index (MFI) shot up considerably, further increasing the chances of a northbound price movement in the coming days.

However, the Relative Strength Index (RSI) remained in the bears’ favor as it registered a downtick and was heeded below the neutral mark of 50. 

Извор: ТрадингВиев

This is what metrics have to say

Though a few market indicators suggested a price uptrend, the metrics told a different story. As per ЦриптоКуант, Ethereum’s exchange reserve was increasing. A rise in exchange reserves means that the token is under selling pressure.

Читати Предвиђање цене Етхереум-а [ЕТХ]. 2023-24

Its taker buy/sell ratio was red, suggesting that selling pressure was dominant in the market. However, things in the derivatives market looked bullish.

Према Coingglass, ETH’s open interest has declined over the past few weeks, suggesting that the prevailing price trend might come to an end soon. 

Izvor: Coinglass

Source: https://ambcrypto.com/what-next-for-ethereum-as-whales-begin-to-stockpile-the-altcoin/