Ether’s Key Metrics Paint a Bearish Picture: Santiment
While ether, the native token of Ethereum’s blockchain, remains on an upward trajectory, metrics like active addresses, trading volumes have decoupled from the rising price. According to blockchain analytics firm Santiment, these negative divergences indicate scope for a price pullback. Ether’s daily (24-hour) active addresses, a proxy for user participation, peaked above 670,000 at the end of October and has been declining ever since, diverging from the cryptocurrency’s rising price. Network...
Ether’s Key Metrics Paint a Bearish Picture: Santiment
While ether, the native token of Ethereum’s blockchain, remains on an upward trajectory, metrics like active addresses, trading volumes have decoupled from the rising price. According to blockchain analytics firm Santiment, these negative divergences indicate scope for a price pullback. Ether’s daily (24-hour) active addresses, a proxy for user participation, peaked above 670,000 at the end of October and has been declining ever since, diverging from the cryptocurrency’s rising price. Network...
