- Glassnode Alerts tweeted that two on-chain metrics for ETH lately rose.
- In these tweets, Glassnode shared that the variety of non-zero addresses for ETH is at one ATH.
- In associated information, the value of ETH has continued to say no over the previous 24 hours.
Glassnode Alerts (@glassnodealerts) tweeted two messages concerning the main altcoin (ETH) this morning. The primary tweet from the blockchain intelligence agency confirmed that the variety of non-zero addresses on ETH lately hit an all-time excessive of 97,917,018.
ETH variety of non-zero addresses (Supply: Glassnode)
In the meantime, within the second tweet, glassnode alerts shared that the typical fuel utilization (7d MA) for ETH simply hit a 1-month excessive of 109,653.064. The put up added that the earlier 1-month excessive of 109,578.802 was seen yesterday.
Common ETH fuel consumption (Supply: Glassnode)
CoinMarketCap exhibits that the value of ETH has fallen by 1.75% within the final 24 hours. Much like many different altcoins available in the market, ETH posted a detrimental weekly efficiency. At the moment, the value of ETH is down over 12% up to now seven days. Following the latest crypto value motion, ETH is now buying and selling at $1,840.46.
The altcoin, nonetheless, was capable of outperform the market chief (BTC) by 0.34% over the previous day. On high of that, ETH value was capable of set a each day excessive of $1,888.19 however has since returned to its present stage close to its 24-hour low of $1,831.16.
Ethereum / US 1D (Supply: TradingView)
A major bearish flag is about to set off on the each day chart of ETH with the 9-day EMA about to cross beneath the 20-day EMA. If this technical indicator is validated, the value of the altcoin might drop to $1,780 inside a day or two.
Along with this potential bearish flag, the each day RSI is presently additionally bearish. At press time, the each day RSI line is buying and selling beneath the each day RSI SMA line and is tilting negatively in the direction of oversold territory.
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