This, after ETH’s impressive performance recently as it sits above the 20/50MA and “will probably test the 200MA.”Traders are seeing an extended period of profitability from ETH trading. According to the latest data from the analytic platform Santiment, Ethereum’s MVRV ratio is ranging around 7%.
These whales spent an average of $5,058 on Ethereum which brings the average quantity to over three ETH. The total supply of Ether has dropped by approximately 1% among top addresses which appears to be a thorn in this rose.Crypto analyst Justin Bennett has also shared his opinion on Ethereum’s appreciation in recent days. In his latest tweet, Bennett appears to be warning the crowd against Fed-enforced volatility for crypto assets.
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