revealed that ETH’s price declined by more than 4% in the last seven days. At the time of writing, it was trading at $1,839.66 with a market capitalization of over $221 billion. The price decline was accompanied by a double digit drop in 24-hour trading volume.pointed out that a whale with an exceptional track record recently deposited ETH worth nearly $50 million to Binance. Against the deposit, the whale withdrew 15.9 million USDT.
Santiment’s chart revealed that Ethereum’s supply on exchanges and supply outside of exchanges were also close to each other, which looked bearish as there was a possibility of the former flipping the latter in the coming days.A look at Ethereum’s daily chart revealed quite a few metrics that supported the bears. For instance, the Money Flow Index was about to enter the overbought zone.’s Relative Strength Index registered a downtick.
Interestingly, the Exponential Moving Average Ribbon chose to support the buyers as it displayed a bullish crossover.