Ethereum

Rally

Show

Simply

Cosmos

<p>As of this moment, Ethereum (ETH) is trading at approximately $1,700, marking a noticeable low that has traders in the cryptocurrency market anxious according to Santiment <a href="https://twitter.com/santimentfeed/status/1697116011781378281" target="_blank" rel="noopener noreferrer nofollow">data</a>. This sentiment is heightened when compared to other top-market-cap assets, where Ethereum uniquely stands out as the asset traders are losing patience with.</p> 
<p>Historically, periods of impatient trading behavior often correlate with short-term selling at lower values. Such actions typically occur when traders offload their ETH in anticipation of a further price drop, thereby driving the market to a point of higher volatility. Interestingly, according to market data, these are the moments when the probability of a price bounce increases.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="629" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-1024x629.png" alt="" class="wp-image-325547" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-1024x629.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-768x472.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-1536x944.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-2048x1259.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-244x150.png 244w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-569x350.png 569w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856-788x484.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-856.png 680w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p> 
<h2 class="wp-block-heading" id="the-significance-of-on-chain-metrics">The Significance of On-Chain Metrics</h2> 
<p>One key metric to consider is the ratio of daily on-chain transaction volume in profit to loss. This ratio measures the amount of Ethereum being moved on-chain where the current price is either higher (profit) or lower (loss) than the price at the time of the coin’s last movement. A higher ratio suggests that a larger number of transactions are profitable, indicating stronger confidence in the asset’s value. Conversely, a lower ratio often serves as a contrarian indicator, revealing a market that may be overly pessimistic.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>If the ratio of daily on-chain transaction volume in profit to loss skews towards loss, this could mean that many traders are currently offloading their assets at a loss. Paradoxically, this is often when savvy investors begin to consider entry points, banking on the market’s overreaction and a likely price rebound.</p> 
<p>While the market sentiment for Ethereum is evidently bearish, given its current trading position and impatient traders, key metrics such as the ratio of daily on-chain transaction volume in profit to loss suggest potential opportunities. As history has shown, periods of impatient trading behavior often precede price bounces. Therefore, careful analysis and strategic planning could yield profitable outcomes for those willing to swim against the current.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/eth-bears-roar-as-price-slumps-but-metrics-point-to-a-major-ethereum-rally-brewing/">ETH Bears Roar as Price Slumps – But Metrics Point to a Major Ethereum Rally Brewing</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

ETH Bears Roar as Price Slumps – But Metrics Point to a Major Ethereum Rally Brewing

Table of Contents

CaptainAltcoin

Other articles published on Aug 31, 2023

SHIB Army Burns Millions of Shiba Inu, Pushing Burn Rate High into Green

Solana Traders Are Leaving SOL To Invest in These New Tokens – Will They Provide 10x Returns in S...

Binance Granted Permission for New Attorney in SEC Lawsuit

Hong Kong's SEBA Bank Wins Approval To Offer Crypto Services

Vivek Ramaswamy Praises Grayscale’s Court Victory Against the SEC!

EOS secures regulatory approval in Japan, will trade against yen

Join our free newsletter for daily crypto updates!