Interestingly, several analysts also articulated their opinion of a bear market for ETH. Not only that, but a look into ETH’s metrics also painted a not-so-pleasant picture.Crypto Sunmoon, an author and analyst at CryptoQuant, recently published anthat revealed the possibility of a further downtrend. He mentioned that as exchange inflow continued to climb between 2020 and 2021, the price of ETH quickly surged.
The increasing exchange inflow indicated towards a short-term and long-term low. Moreover, he also stated that he didn’t witness any bullish signals for Ethereum in the near future.’s on-chain metrics also indicated a similar outcome in the coming days. Though ETH’s Market Value to Realized Value Ratio registered a slight uptick, it was still considerably below its September levels, which was a bear signal.
Furthermore, Ethereum’s development activity also decreased over the last week, which by and large was a red flag for a blockchain. Moreover, the volume of ETH also followed a similar route and registered a downtrend.Despite the unpleasant state of the altcoin, the only sigh of relief came from the Ethereum NFT space. While average NFT daily trading volumes fell substantially, the fall in the average number of daily traders was extremely slow.
Pls can you give us update on d Trending so called ET from SuperEx? it's getting bullish so rapidly within this two days still & pupping.
Ive just multiplied my wаllеt by this bot. Is this LegaI? Im really now nervоus...
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