Ethereum (ETH) Is Cheap, But Not at Bottom Yet: Analysts
Share:
Onchain analytics firm CryptoQuant says Ethereum is trading about 17% below its realized price but only two of five historical bottoming signals have been reached, suggesting the market bottom is not confirmed. They report selling pressure is easing but capitulation is still missing, implying continued downside risk for ETH price and signaling caution for crypto, DeFi and token performance observers.
Predictions Markets
See what traders are focused on
“Ethereum is cheap, but the data says the bottom isn’t in yet,” said onchain analytics platform CryptoQuant on Thursday. ETH is trading around 17% below its realized price, “but only two of five signals have reached historical bottoming levels,” they added.
“Selling pressure is easing. Capitulation is still missing.”
In This News
Coins
$ 1.86K
-1.22%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 1.86K
-1.22%Predictions Markets
See what traders are focused on
Share:
Read More
Ethereum Bear Market Bottom Is In: Analyst Eyes $7K Long-Term
