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7 signals showing $ETH is ready for a big move up after its recent 78% monthly rally
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1. NUPL currently sits in the Belief - Denial phase and continues to diverge from price.
As price moves higher and NUPL moves lower, it indicates $ETH could go vertical soon.
NUPL is a gauge for the market’s emotional state.
As price moves higher and NUPL moves lower, it indicates $ETH could go vertical soon.
NUPL is a gauge for the market’s emotional state.
2. For the first time, #Ethereum Google search interest is now higher than Bitcoin.
Google searches and price action are running in parallel with one another.
Ethereum searches are going parabolic while #Bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> searches drop/level off.
Google searches and price action are running in parallel with one another.
Ethereum searches are going parabolic while #Bitcoin
searches drop/level off." title="2. For the first time, #Ethereum Google search interest is now higher than Bitcoin.Google searches and price action are running in parallel with one another.Ethereum searches are going parabolic while #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> searches drop/level off." class="img-responsive" style="max-width:100%;"/>
3. What about the #dogecoin?
#Ethereum Google search interest is smoking dogecoin search interest despite @elonmusk and Tiktok Trader& #39;s best efforts.
Much Wow!
#Ethereum Google search interest is smoking dogecoin search interest despite @elonmusk and Tiktok Trader& #39;s best efforts.
Much Wow!
4. Whale Wallets spiked suddenly (wallets w/ greater than $10K ETH) on April 18th and continue to rise in unison with the price.
$ETH loans are up 400% and make up 27% @genesistrading loan book as hedge funds ape into Defi summer 2021.
$ETH loans are up 400% and make up 27% @genesistrading loan book as hedge funds ape into Defi summer 2021.
5. $ETH continues to leave exchanges in unison as the price rises, which is a signal it won’t be sold anytime soon.
6. 79,520 $ETH were transferred to the ETH2 deposit contract on May 5th, 2021, a few days after @coinbase opened staking.
The amount of new value staked could accelerate through the summer.
The amount of new value staked could accelerate through the summer.
7. The Number of active $ETH addresses continues to increase.
As Google search interest rises, so will active ETH addresses, putting pressure on price upwards.
As Google search interest rises, so will active ETH addresses, putting pressure on price upwards.
