Ethereum

Delta

when

Coin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Ethereum’s price risks falling below $3,000 again due to seller dominance.</li> 
 <li>Market confidence in Ethereum might be shaken if the downward trend continues.</li> 
</ul>  
<p>The price of <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a> is at risk of dropping below the $3,000 mark for the second time in a short span.</p> 
<p>This information was derived from the Cumulative Volume Delta (CVD) which showed a drop in the daily ETH/USD chart.</p> 
<h2 id="buyer-seller-dynamics">Buyer-Seller Dynamics</h2> 
<p>The CVD tracks the difference in buying and selling volume of a cryptocurrency over time. When the CVD is positive, it indicates more buying activity than selling, which could lead to a short-term price increase.</p> 
<p>However, a negative CVD indicates that sellers are in control, making it challenging for prices to rise. At the time of writing, Ethereum was trading at $3,012, having failed to surpass the $3,100 mark.</p> 
<h2 id="other-indicators">Other Indicators</h2> 
<p>Other metrics, such as the Mean Coin Age (MCA), suggest that it might take some time for Ethereum to fully recover. The MCA measures the average age of coins on a blockchain. An increase in MCA indicates that older coins are returning to circulation, potentially leading to a sell-off.</p> 
<p>A decrease in MCA, on the other hand, suggests that holders are holding onto their assets rather than selling. Currently, Ethereum’s 90-day MCA has risen from 36.50 to 37.12, indicating increased trading activity.</p> 
<p>If this trend continues, Ethereum’s price could slip below $3,000. If buying pressure fails to keep up with the increased trading activity, the price could drop to $2,881, similar to the dip on July 5th.</p> 
<p>The Realized Cap, which represents the value of each coin when it last moved compared to its trading value, also supports this forecast. The one-day Realized Cap has dropped to $559.45 million, suggesting that some Ethereum holders are currently facing unrealized losses.</p> 
<p>If this trend persists, it could lead to a loss of confidence in Ethereum, potentially resulting in decreased demand for the cryptocurrency.</p> 
<p>Despite the potential for price drops, the current situation also presents a buying opportunity for those who believe Ethereum remains in a bull market. The impacts of this change may not be immediately apparent, but in the long term, Ethereum’s price could potentially see an increase.</p>

Back in Action: Ethereum Sellers Target $2,800 Mark Post-Short Respite

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2024년 7월 7일에 게재된 다른 기사

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