3 key on-chain metrics point to a bullish reversal in Ethereum price

While Ether (ETH) price has been stuck between the $340-$350 range for the last month, multiple on-chain metrics suggest that a recovery may be building.

Santiment, a cryptocurrency data analytics firm, recently noted that the number of deposits to exchanges has been decreasing since the start of September. According to the firm, the number of addresses used to send Ether to exchanges has seen a 53% decline since Sept. 1.

Ether daily deposits in the last 6 months. Source: Santiment

Although…


Source link

About bitcoin

Check Also

Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot – BloombergQuint

Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine …

Leave a Reply

Your email address will not be published. Required fields are marked *