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Ethereum: ‘Solid sign of upcoming bounce’ with ‘Merge’ being pushed further
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Could Ethereum do the pull-up that’s necessary to get it started on a rally again? Despite the market swimming in red, there’s some evidence in favor of this scenario. Let’s take a closer look at the metrics.
At press time, ETH was trading at $3,094.04 after rising by 1.27% in the past 24 hours, but dropping by 3.62% in the last week.
Early on 13 April, ETH was above $3,100. Many bullish investors took this as a hopeful sign that the top alt’s descent was finally slowing. Adding to that, Santiment’s ratio of on-chain transaction volume in profit to loss revealed signs of capitulation, which can hint at a future rally.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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