ETH passes $1,700 for first time since September, but analysts say local top is in play

ETH passes $1,700 for first time since September, but analysts say local top is in play
фото показано с : cryptoslate.com

2023-2-4 23:15

Ethereum briefly surpassed $1,700 on February 2, soaring more than $500 since the start of the year, but some analysts say the bullish activity on the crypto may be short-lived.

A chart published by the market intelligence platform Santiment identified several key points that suggest a local top may be in.

Ethereum, Ratio of Profit/Loss, Exchange Supply Source: Santiment

The chart overlaid 3 key metrics:

Price (ETH) The ratio of daily on-chain volume in profit loss (ETH) Supply on exchanges (as % of total supply) (ETH)

It found that there is a large gap forming between major ETH profit taking and the availability of ETH supply on exchanges.

On February 2, major ETH profit taking hit its highest level since February 2021, the chart shows.

That same day, on February 2, ETH supply on exchanges fell to below 11.25%, their lowest level since June 2018.

This, analysts say, may point to a local top forming into the weekend with ETH currently stable at around $1,640.

The post ETH passes $1,700 for first time since September, but analysts say local top is in play appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SpherePay (SAY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SAY

analysts say 700 play passes eth time

Источник: cryptoslate.com

analysts say → Результатов: 126


XRP Crashes 40% From September High

This year has been a strange one for XRP (and digital currency in general!), the token has seen fluctuation after fluctuation and the price has never stayed in one area for a long period of time. The token, owned and designed by Ripple, has recently seen a change in price over the past month and even a time when we thought that the bad times were essentially over but now it has crashed down by over 40% from its high in September of $0.

2018-10-11 12:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Traders dump Cardano and IOTA as they move to Vantard

Cardano and IOTA, two of the best-known players in the crypto industry, have underperformed the market over time as they evolved into ghost chains. A ghost chain is a blockchain whose coin is popular, but one that lacks a supportive ecosystem.

Crypto fear and greed index dive as focus shifts to Vantard

The crypto fear and greed index continued falling, reaching its neutral zone of 56, as most coins retreated.   Bitcoin moved to $68,000, much lower than this month’s high of $73,500. Similarly, Ethereum token fell to $2,400, while the total market cap of all cryptocurrencies dropped to $2.

Why experts are backing cryptos like Vantard, MEW, and Popcat

Cryptocurrency prices are doing well this year, with most of them outperforming traditional assets like the S&P 500, Nasdaq 100, and the Dow Jones. These indices have all jumped by over 15%, while Bitcoin has risen by almost 60%, and is hovering near its all-time high.

Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08

A growing number of smart money crypto investors are shifting their focus from Solana (SOL) and Cardano (ADA) to an emerging utility token priced under $0.08. The Rexas Finance token offers a unique value proposition with strong use cases in decentralized finance (DeFi) and real-world asset tokenization, making it an attractive alternative to more volatile […] The post Growing number of Solana and Cardano investors are investing heavily in this utility token under $0.08 appeared first on CoinJournal.