- Glassnode Alerts tweeted that two on-chain metrics for ETH not too long ago 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 Ethereum (ETH) this morning. The primary tweet from the blockchain intelligence agency confirmed that the variety of non-zero addresses on ETH not too long ago hit an all-time excessive of 97,917,018.
In the meantime, within the second tweet, glassnode alerts shared that the typical gasoline utilization (7d MA) for ETH simply hit a 1-month excessive of 109,653.064. The publish added that the earlier 1-month excessive of 109,578.802 was seen yesterday.
CoinMarketCap reveals that the value of ETH has fallen by 1.75% within the final 24 hours. Much like many different altcoins out there, ETH posted a destructive weekly efficiency. At present, the value of ETH is down over 12% prior to now seven days. Following the latest crypto value motion, ETH is now buying and selling at $1,840.46.
The altcoin was, nevertheless, in a position to outperform market chief Bitcoin (BTC) by 0.34% over the previous day. On prime of that, ETH value was in a position to set a day by day excessive of $1,888.19 however has since returned to its present stage close to its 24-hour low of $1,831.16.
A major bearish flag is about to set off on the day by day chart of ETH with the 9-day EMA about to cross under 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 day by day RSI is at the moment additionally bearish. At press time, the day by day RSI line is buying and selling under the day by day RSI SMA line and is tilting negatively in direction of oversold territory.
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