Momentum

<ul class="news-points"> 
 <li><strong>Cryptocurrency trader and analyst reveals that there is no clear buy signal for ETH.</strong></li> 
 <li><strong>The analyst referenced Ethereum’s MVRV Momentum indicator in his analysis.</strong></li> 
 <li><strong>A significant bullish technical flag was on the verge of being triggered on ETH’s daily chart.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Ali shared his belief that Ethereum (ETH) may not present a buy opportunity any time soon. According to an X post published yesterday, the analyst revealed that the MVRV Momentum indicator for ETH shows that there is no clear buy signal for the altcoin leader in sight.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> MVRV Momentum indicator has been invaluable in guiding my <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"> buy or <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> sell decisions for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>. <br><br>As of now, there is no buy signal in sight! <a href="https://t.co/lfCbrp6WT4" target="_blank" rel="nofollow">pic.twitter.com/lfCbrp6WT4</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1715091194236010729?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 19, 2023</a>
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<p>Despite Ali not identifying a clear buy signal for <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">ETH</a>, the altcoin was able to achieve a gain over the past 24 hours. According to data from the cryptocurrency market tracking website CoinMarketCap, ETH’s price had risen 2.25% throughout the past day of trading.</p>    
<p>As a result, the cryptocurrency was changing hands at $1,585.40 …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/eth-not-presenting-a-clear-buy-signal-according-to-analyst/">ETH Not Presenting a Clear Buy Signal, According to Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH Not Presenting a Clear Buy Signal, According to Analyst

Coin Edition

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