This was good news, as it reflected higher demand for ETH in the derivatives market. The same was further proven by the taker buy/sell ratio, which revealed that buying sentiment was dominant in the derivatives market.
Santiment’s chart revealed thatFurthermore, ETH’s exchange outflow spiked twice in the last few days, which was bullish. However, ETH’s MVRV Ratio was down considerably, which might restrict ETH from initiating a bull run in the coming days.Subscribe to get it daily in your inbox.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Can ETH pull off a strong bounce back as exchange balances reach 4-year lows?ETH bears are losing momentum after a strong pullback in the last few days. ETH exchange balances reach 4-year lows as outflows continue. Ethereum’s native cryptocurrency just concluded the week with a sizable bearish pullback. There is more directional uncertainty as a result, but multiple indicators and metrics may offer some much-needed clarity. How much […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
FUD for thought: Can Coinbase’s clarification help Ethereum stakers?Coinbase clarifies stance on staking, ETH faces uncertainty. Validators remain positive, however, traders remain pessimistic about the king altcoin. Coinbase, of late, has been found at the heart of the massive FUD surrounding the crypto market. The FUD was stirred due to SEC’s investigation into Coinbase’s rival firm, Kraken. Now, after the Kraken incident panned […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Chainlink adoption update: What LINK holders should know before exitingThe number of daily addresses with more than one LINK has been declining. On-chain performance looked concerning for LINK and so did the indicators. Chainlink [LINK] adoption has been on the rise as the blockchain continues to expand its integrations. LINK recently announced multiple new integrations across four chains- Avalanche, BNB, Ethereum, and Polygon. ⬡ […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Will ENS’ focus on governance be enough to improve quarterly results?ENS outranks major cryptocurrencies in terms of governance. Whale interest remains high despite the declining token activity. According to recent data, the Ethereum Name Service (ENS) outperformed other major cryptocurrencies in terms of governance activities. Apart from MakerDAO and Optimism, ENS’ governance activity was the highest in the crypto space. The increasing activity on ENS’s […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Optimism [OP] adds this CSR method on its mainnet – the result could…Optimism integrated the Canto Republic’s CSR methodology into its protocol. Incentivizing developers and NFT creators would increase developments and revenue. In an update on 13 February, an Optimism [OP] developer confirmed that the protocol would incorporate Canto Republic’s CSR methodology into its protocol. The OP Stack is about to make Ethereum contract development crazy again. […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Oasis Network saw a massive rally, here’s what ROSE holders should expect nextDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ROSE’s value and volume surged by over 20% and 200%, respectively, at press time. But there was a hidden RSI divergence which could slow down the uptrend. At the time of writing, Oasis Network […]
Source: CryptoAmb - 🏆 22. / 68 Read more »