Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Santiment data indicates that wallets are disposing of their ETH coins at lower prices.</strong></li> 
 <li><strong>Historical data suggests that this could lead to s price bounce for ETH.</strong></li> 
 <li><strong>From a technical standpoint, if ETH is able to close a daily candle above $1,715.42 within the next 48 hours, then it may continue to rise to $1,850.</strong></li> 
</ul> 
<p>Data from the market intelligence platform Santiment suggests that <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum (ETH)</a> could see a price bounce soon. According to a Twitter post shared by the platform earlier today, it seems like ETH is one of the top cap cryptocurrencies that traders are getting impatient with at the moment.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> is currently sitting at $1,700, and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> is standing out amongst top caps as the asset traders are growing most impatient with. Historically, when we see wallets disposing of their coins at lower values, price bounce likelihoods increase. <a href="https://t.co/Qm08sxge6x" target="_blank" rel="nofollow">https://t.co/Qm08sxge6x</a> <a href="https://t.co/SM7eoze8dI" target="_blank" rel="nofollow">pic.twitter.com/SM7eoze8dI</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1697116011781378281?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 31, 2023</a>
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<p>ETH is seeing increased amounts of transactions where addresses are selling tokens at lower prices than when obtained, according to Santiment. Furthermore, the post also explained that, historically, when wallets are disposin…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/ethereum-eth-price-bounce-may-be-in-the-cards-on-chain-data/">Ethereum (ETH) Price Bounce May Be in the Cards: On-Chain Data</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ethereum (ETH) Price Bounce May Be in the Cards: On-Chain Data

Coin Edition

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