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Ethereum's volatility drops to lowest level in 10 years
, ETH is infamous for the significant volatility in its price. There has, however, been a noticeable compression in price volatility since November 2022. A closer look at price swings revealed that ETH has since traded within the $1100 and $2000 price ranges.
When a crypto asset experiences a volatility decline, its price is less likely to fluctuate wildly. It shores up investors’ confidence, meaning the risk of losing money on ETH’s investments minimizes.scaling solutions last year. Layer 2 adoption growth and slight monetary tightening have helped ETH beat severe price volatility in the past 12 months.“Volatility generally sees spikes both upward and downward, with periods of low volatility typically not lasting for longer than one month.
Despite the narrow price movement in the past few months, ETH’s exchange activity revealed fewer sell-offs. This means that the coin’s investors had largely refused to sell their holdings and held on to them instead. Per data fromThe net flows indicator tracks how traders are sending their coins in and out of cryptocurrency exchanges. When an asset’s net flows are positive, it means more assets are being sent to exchanges for onward sales.
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