摘要： Ethereum is currently trading above its $380 resistance level, which has been trending bullish for the coin. Ethereum has been struggling to stay above this level for a while, and an analytics firm also noted that Ethereum’s daily active address metric has been showing some weakness.
Ethereum’s daily active address count has been trending lower, although Ethereum’s price has been able to secure gains. Santiment tweeted:
Prior to Ethereum (ETH) surpassing the $380 mark, Ethereum was lagging behind in moving higher. Crypto analytics firm Santiment explained the factors that could have affected Ethereum’s price trend in the past week. “ETH’s daily active address metric is still revealing that there is still plenty to be desired since its peak in late July. There has been a decline in unique addresses interacting on the Ethereum network, particularly since September 17th.” However, Santiment’s Ethereum NVT model, which measures the ETH’s asset circulation shows that Ether is still indicating bullishness. Santiment explained, “Beginning its first bullish month of 2020 on our model at $134 in March, 7 of the past 8 months have shown a bullish divergence. This has predictably resulted in the price propelling itself +187% since. Join our Sanbase PRO users in referencing this model to gauge $ETH and other asset health using token circulation data!” Ethereum’s ultimate trend will largely depend on Bitcoin’s movements, and BTC has recently seen a growth in on-chain fundamentals and price during in the past week. Data shows that there has been an increase in adoption in Bitcoin, and BTC has found solid support above $11,000 for the first time since August. Analytics firm Glassnode tweeted:
......
詳見全文Full Text： blockchain.news
若喜歡本文，請關注我們的臉書 Please Like our Facebook Page： Big Data In Finance
留下你的回應
以訪客張貼回應