This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm
The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as…
Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?
After enduring months of aggressive selling pressure, Ethereum is finally showing signs of life. As bullish momentum slowly builds, hopes for a recovery rally are beginning to resurface. While ETH continues to trade below the key $2,000 mark, bulls are actively defending critical demand zones in an effort to reclaim lost ground and reestablish a…