Ethereum [ETH]: These metrics can give aggressive traders some clarity
has witnessed quite a difficult journey in July. The alt’s price hit as low as $1,040 and then scorched up to $1,640 within a period of three weeks.and Ethereum. But the latest ugly start to the week has raised a few eyebrows. And, you might ask- will Ethereum be a case of “buying the rumor, selling the news?”
Even so, there is a negative bias towards Ethereum right now on social media. This is further reflected in the trader sentiment activity which is evident in ETH’s latest downfall to the $1,300 mark.Even before the dawn of the crypto winter, Ethereum saw the beginning of a potentially worrying trend. The network’s coins sitting on exchanges had started to witness a steady rise after big retracements in 2022.
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