Ethereum sellers return after brief break: ETH to $2,800 next?

risks falling below $3,000 for the second time in a few days. This was according to the data AMBCrypto obtained from the Cumulative Volume Delta .to the negative region. The CVD tracks the difference between the buying and selling volume of a cryptocurrency over some time.When the value is positive, more holders are buying than those selling. Sustaining this means that the price of the cryptocurrency might increase in the short-term.

However, apart from the CVD, other metric revealed that it could take some time before the cryptocurrency fully recovers. One of such datasets is the Mean Coin Age . The MCA is the average age of coins on a blockchain. When it increases, it means that old coins are moving back into circulation, thereby, increasing the potential of a sell-off.

But a decrease in the coin age implies that holders are refraining from selling. Instead, they are opting to keep their assets in non-custodial wallets.Since the price fell from the value on the 6th of July, it implies that most of the exchange ended in a sale. If this continues, the price of ETH could slip below $3,000. Also, if buying pressure fails to match up with the increase, the price might drop to $2,881In addition to the above, the Realized Cap aligned with the forecast. Realized Cap represents that the value of each coin when it last moved compared to its trading value.However, the fruits of this change might not reflect in a few days or weeks. But in the long term, ETH’s price looks likely to jump.

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