Discussing Ethereum’s [ETH] bottom probability in the wake of sell pressure

Ethereum addresses began to sell their holdings at a loss. The number of retail investors continued to increase. According to Santiment’s data, a few addresses have started to sell their ETH holdings at a loss. Historically, once the crowd starts exiting their positions more frequently at a loss, bottoms are likely to form. Long-term holders […]

The number of retail investors continued to increase.data, a few addresses have started to sell their ETH holdings at a loss. Historically, once the crowd starts exiting their positions more frequently at a loss, bottoms are likely to form.Even though Ethereum’s prices have been rising over the past month, many of the Ethereum holders remained skeptical as they continued to sell their ETH.Despite the sell-off, the MVRV ratio for Ethereum remained positive.

According to coinglass’ data, the number of accounts holding long positions on Ethereum started to decline materially over the last 30 days.As the Shanghai Upgrade approaches, the FUD surrounding Ethereum has risen. Hence, traders should proceed with caution.Subscribe to get it daily in your inbox.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Courtesy of Mr. Sun, Lido logs its largest daily ETH stake inflowLido Finance records its largest-ever daily ETH stake inflow. LDO currently suffers from buyers’ exhaustion. In a tweet published on 25 February, leading liquid Ethereum (ETH) staking platform Lido Finance [LDO] confirmed that it recorded its largest daily stake inflow with over 150,000 ETH staked. Lido protocol has registered its largest daily stake inflow so […]
Read more »

Lido [LDO]: Ethereum’s Shanghai upgrade will impact the staking platform by…The Shanghai Upgrade will be released in three days. As a result of the upgrade, LDO has seen a surge in staking. The coming week is extremely important for the Ethereum [ETH] community because the Shanghai upgrade is scheduled to take place in three days, counting down from press time. There has been a lot […]
Read more »

Ethereum Classic’s [ETC] recovery faced an obstacle – Can bulls bypass it?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ETC’s recovery faced a resistance level at 23.6% Fib level. Open interest rates rose while more long positions were liquidated in the past 24 hours. In mid-February, Ethereum Classic [ETC] rose from $20 to […]
Read more »

Pink disappointed her comments about a decades-old argument with Christina Aguilera made headlinesPink says a story she told about an old feud with Christina Aguilera has now become the main focus of the press surrounding her latest album.
Read more »

Solana [SOL] suffers yet another technical challenge, details insideSolana adds yet another network downtime incident to its recent woes. SOL extends its decline for the fifth day in a row. Solana users were unable to conduct transactions on the network in the last few hours of press time. Preliminary reports revealed that this was a network-wide problem reportedly caused by a long-forking event. […]
Read more »