Buckle up ETH traders! You could be in for a little surprise this weekend…

Furthermore, at the time of writing, data from Santiment showed that ETH’s exchange outflows outnumbered the exchange inflows. This was a bullish sign as more and more investors were moving their ETH out of exchanges than into the exchanges. At press time,However, a look at ETH’s on-chain metrics in the last month didn’t exactly paint a pretty picture. Although ETH’s social dominance mostly saw peaks throughout the month, the amount of ETH holders didn’t show any drastic changes.

The number of ETH holders did rise consistently throughout the month, but at press time, it remained at the same level as the last three days. Additionally, ETH’s development activity at press time stood at 12.4. Furthermore, it witnessed a drop, which meant that developers weren’t making enough contributions to the chain.…bulls? Traders looking for some signs of positivity in ETH’s price action may have their wish fulfilled.

What was noteworthy about the RSI was that, at press time, it was in a sharp uptrend. In the presence of the ongoing bullish momentum, ETH’s price could manage to surge higher over the weekend.Furthermore, ETH’s Moving Average Convergence Divergence indicator showed that the MACD line touched the signal line with a strong possibility of the MACD line crossing over the signal line. The MACD line crossing over the signal line above the zero line was a strong bullish indicator for ETH.

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