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Ethereum On-Chain Metrics Are Relatively Stable: On-chain Data

Published 29/08/2023, 13:56
© Reuters Ethereum On-Chain Metrics Are Relatively Stable: On-chain Data

  • Santiment shared that ETH’s on-chain metrics are not showing any concerning signs at the moment.
  • ETH’s trading volume, as well as the supply held by ETH whales, have declined drastically.
  • On the other hand, development activity for ETH has not stopped increasing since the project’s inception.

On-chain metrics for Ethereum (ETH) are not showing any concerning signs at the moment, according to a Twitter post shared by the market intelligence platform Santiment earlier today. Although ETH is not showing huge signs of struggle, Santiment suggested that now might not be the most opportune time to invest in the leading altcoin.

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