During the intraday trading session on 4 November, leading altcoin Ethereum [ETH] traded at a seven-week high of $1,674, data from Santiment revealed. According to the on-chain analytics platform, this jump in price was not restricted to just ETH as other altcoins enjoyed from the “strong Friday market-wide pump.” Here’s AMBCrypto’s price prediction for Ethereum […]
revealed. According to the on-chain analytics platform, this jump in price was not restricted to just ETH as other altcoins enjoyed from the “strong Friday market-wide pump.”While noting the positive impact of the widespread FUD on the prices in the past few days, Santiment confirmed that the current market was marked by “euphoric sentiment”. This typically “foreshadows a cooldown.”
Additionally, on-chain data from Santiment showed a persistent decline in ETH’s supply on exchanges. ETH’s supply on exchanges fell by 2% in the last month. As of this writing, 14.32% of ETH’s total supply was found on exchanges, per data from Santiment.
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