Ethereum (ETH) Price Bounce May Be in the Cards: On-Chain Data

Published 31/08/2023, 13:25
Ethereum (ETH) Price Bounce May Be in the Cards: On-Chain Data
ETH/USD
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ETH/USD
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  • Santiment data indicates that wallets are disposing of their ETH coins at lower prices.
  • Historical data suggests that this could lead to s price bounce for ETH.
  • From a technical standpoint, if ETH is able to close a daily candle above $1,715.42 within the next 48 hours, then it may continue to rise to $1,850.

Data from the market intelligence platform Santiment suggests that Ethereum (ETH) could see a price bounce soon. According to a Twitter post shared by the platform earlier today, it seems like ETH is one of the top cap cryptocurrencies that traders are getting impatient with at the moment.

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