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A Price Rise Is On The Horizon For Ethereum, Several Metrics Suggest
Summary: Positive sentiment surrounding Ethereum is at an all-time-high which could mean the second largest cryptocurrency will soon follow in Bitcoin's bullish wake. Cryptocurrency behavior analytics platform Santiment showed in a tweet on Tuesday, August 11 that trader sentiment surrounding Ethereum has a deviation of +2.78 from the neutral position, an all-time-high. The report comes as Bitcoin is riding ...
Positive sentiment surrounding Ethereum is at an all-time-high which could mean the second largest cryptocurrency will soon follow in Bitcoin's bullish wake.
Cryptocurrency behavior analytics platform Santiment showed in a tweet on Tuesday, August 11 that trader sentiment surrounding Ethereum has a deviation of +2.78 from the neutral position, an all-time-high. The report comes as Bitcoin is riding an upwards price trend and has tested the $12,000 resistance level twice within the past two weeks.
Ethereum on-chain activity is also at all-time-highs with transaction counts and active addresses on the rise, according to Glassnode data. These factors suggest that ETH may soon see upwards price movement. At the time of writing ETH is trading at $281 and is down 3.80%.
By Emily Mason
Tags: ETH,Ethereum
Link: A Price Rise Is On The Horizon For Ethereum, Several Metrics Suggest [Copy]
