Critical Social Volume Trend Shows Ethereum Could Be in Accumulation
Ethereum’s price has slipped lower over recent weeks as other markets have also slumped. Simultaneously, activity on the blockchain itself has slowed as yield farming opportunities have dried up, with many reaching a point where they became grossly unsustainable. This may not be the end of the world, though, as fundamental and technical trends suggest ETH may soon revert higher. Ethereum Social Volume Plunges as Price Slips Lower Due to a slowdown in ETH’s price […]
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Over the last few weeks, there has been a clear accumulation trend among Ethereum holders. ETH had spilled out of exchanges at a high rate, following the same movement of BTC out of exchanges. The volume of ETH pointed toward whales taking large positions in the digital asset. The result of their accumulation is now […]
Ethereum is trading just below the $2,000 mark, holding at critical levels as the broader market shows signs of recovery. After weeks of choppy price action and fading selling pressure, bulls are gradually regaining control, pushing ETH into a more bullish short-term structure. Momentum is building as Ethereum stabilizes above the $1,800 level, and technical indicators suggest a breakout may be forming. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? Adding to the growing optimism, on-chain data from IntoTheBlock shows a consistent flow of ETH....
On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin. The “Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not. Related Reading: Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals The....
On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From....
Kaiko’s data on October 10 shows that the “Merge” has been a “disaster” for Ethereum’s performance. According to Kaiko, Ethereum has been trailing Bitcoin in price and volume since the critical upgrade was deployed on the first smart contract platform. The trend will likely continue, looking at the price and volume ratios of Ethereum and Bitcoin […]