Ethereum Still Searching for Market Bottom
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily Ethereum is trading at a discount to its realized price, but there could be a final capitulation, according to CryptoQuant. “Ethereum is cheap, but the data says the bottom isn’t in yet,” said onchain analytics platform CryptoQuant on Thursday. ETH is trading around 17% below its realized price, “but only two of five signals have reached historical bottoming levels,” they added. “Selling pressure is easing. Capitulation is still missing.” ETH realized price – which is a measure of the average price at which every token currently in circulation last moved onchain – is currently at $2,300. Historically, trading below the realized price signals holder losses that tend to exhaust sellers and mark bottoms. ETH/BTC Metrics Still Not Bottoming The analysts said trading below the ag...