Ethereum Bearish Signal: Profit-Taking Transfers Spike
Ethereum Ethereum Bearish Signal: Mga Paglipat ng Profit-Taking na Spike 5 minuto ang nakalipas Balita ng Ethereum ng Bitcoin On-chain data shows the Ethereum profit-taking transactions have surged recently, a sign that could be bearish for the assets price. Ethereum Profit-Taking Volume Has Spiked To Highest Levels Since January Ayon sa data mula sa on-chain analytics firm Santiment, a large amount of profit-taking seems to have been going on in the Ethereum market recently. The relevant indicator here is the “ratio of on-chain transaction volume in profit to loss,” which, as its name already suggests, tells us about how the profit-taking transfers currently compare with the loss-taking ones. The indicator separates these two volumes by looking at the on-chain history of each coin being sold/moved to see what price it was last sold at. If this previous price for any coin was less than the price that its now being moved at again, then the metric naturally counts this sale inside the profit-taking volume. On the other hand, the last selling price being more implies that the coin is being sold at a loss, and hence, the indicator adds its movement to the loss-taking volume. Now, here is a chart that shows the trend in this ratio for Ethereum