Ethereum [ETH] bears dominated the last week as the token’s price dropped by more than 2% in the last seven days
A metric suggested that ETH’s price was near its market bottom.bears dominated the last week as the token’s price dropped. However, this might be the last chance for investors to accumulate more ETH while its price is low.
At the time of writing, ETH was trading at $3,687.02 with a market capitalization of over $442 billion. However, this bearish price trend might change soon as ETH is testing a key resistance level.revealing this development. A breakout above the resistance would spark a massive bull rally. AMBCrypto then checked ETH’s on-chain data to see whether investors utilized this opportunity to accumulate., ETH’s net deposit on exchanges was low compared to the last seven days’ average, reflecting high buying pressure. However, the other datasets suggested otherwise.
AMBCrypto’s look at Glassnode’s data revealed that ETH’s price was near its market bottom, as per the Pi cycler top indicator.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Ethereum ETFs will help ETH finally cross $4.5KEthereum sees mixed market signals amidst regulatory changes and ETF approvals, hinting at possible gains.
Read more »
Ethereum fund premium rises: Will it trigger an ATH for ETH again?Ethereum’s [ETH] Fund Market Premium has rallied to a three-year high, according to CryptoQuant’s data.
Read more »
Ethereum: THIS can majorly impact ETH’s $5K price predictionAlmost six months since it last hit the highest exchange inflow, Ethereum [ETH] is back in the same situation, sparking speculations that the
Read more »
Decoding Ethereum L2 Starknet’s price rise: Did ETH help STRK rise?Two of the largest Starknet [STRK] holders might have put the price at risk of a decline but data showed that STRK seems to be holding on
Read more »
Ethereum: Why major investors are holding on despite ETH’s price riseDespite the significant price surge, whales continue to accumulate and hold large amounts of ETH. How will ETH do going forward?
Read more »
Will Ethereum surge to $4.5k before ETH ETFs go live?Stay Ahead!
Read more »