Ethereum’s local asset Ether (ETH) increased higher than $3,000 in a long upside rally on Aug 7. Reaching a three-month high. Nonetheless, the cryptocurrency’s exceptional move upside increased its chances of going through a bearish backlash. Ethereum’s local asset Ether (ETH) increased higher than $3,000 in a long upside rally on Aug 7. Reaching a three-month high. Nonetheless, the cryptocurrency’s exceptional move upside increased its chances of going through a bearish backlash.According to an on-chain indicator this gives details about the total percent of Ethereum addresses in profits which forecasted the downside result. Hence, the so-called “Ethereum: percent of Addresses in profits” pointed out by Glassnode reached 96.4% in between the ETH/USD price rally. Lex Moskovski, chief investment officer at Moskovski Capital mentioned the metric’s strength of forecasting Ethereum top. Also, whenever the Glassnode indicator crossed the 90% threshold, it ended up in profit-ta
Źródło: https://tokeneo.com/ethereum-price-increased-above-3k-into-red-zone/
