Worst Ethereum (ETH) Capitulation in History Actually Shows How Bullish It Is
Ethereum is certainly struggling at this point in time, but years of bearish pressure shows how resilient it was.
Quick take
Read original at U.Today Ethereum has endured a six-month capitulation, with 45.7 million ETH in losses, but on-chain data suggests this could precede a bullish phase. The price has rebounded to around $1,890, reclaiming the 26-day and 50-day moving averages. A decisive close above $1,935, the declining 100-day EMA, could strengthen the recovery.
Summarised by netranta from U.Today. Open the original for the full story.
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