Wednesday, September 17, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

These On-Chain Indicators Offer Insight Into the Next Ethereum (ETH) Price Action

by Index Investing News
December 9, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


The world’s second-largest cryptocurrency Ethereum (ETH) has also been under strong selling pressure moving to $1,200 amid the market shakeout caused by the FTX collapse. As of press time, ETH is trading 4.3% up at a price of $1,282 and a market cap of $156.9 billion.

The on0-chain indicators hint at new interesting developments. Over the last year, the Ethereum shark and whale addresses have been shedding much of their supply. But since the FTX collapse last month, there’s an interesting trend reversal observed.

Since the implosion of the FTX exchange, all the Ethereum addresses holding between 100 to 1m coins have accumulated 1.36% of the overall ETH supply. This jump in the total large addresses of Ethereum hints at a bullish momentum going ahead.

Courtesy: Santiment

Ethereum (ETH) Social Volume, Dominance, and Exchange Supply

Since the Merge event in mid-September 2022, the discussion around Ethereum has been on a decline. Since late October 2022, the discussions around Ethereum have dropped to the lowest percentage among the top 100 assets. On-chain data provider Santiment notes:

The lack of interest since The Merge event is indicative that whales, could push up prices with little resistance, making this a bullish metric.

Courtesy: Santiment

Another bullish indicator is that the ETH supply sitting on exchanges has dropped massively over the last month. Only 12.1% of the total ETH supply sits on the exchanges which is now at a four-year low.

There’s been a 75% drop in the ETH supply on exchanges in the last 13 months. However, if all these ETH start coming to exchange, it could trigger more sell-offs. But indicators for the same are not round the corner.

The Santiment report notes: the more the supply of ETH on exchanges declines, the better of a case that can be made that we’re nearing a bottom. For that reason, we certainly have to consider this metric as a bullish indicator for Ethereum.

Courtesy: Santiment

During the FTX collapse, there were a large number of shorts by the trader. This led to ETH short liquidations on the exchanges, leading to a 17% price jump in ETH, as expected. Currently the funding rates are neutral and we can’t say in which direction the next liquidations would happen.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Tags: actionETHEthereumIndicatorsInsightOfferOnchainPrice
Previous Post

The Difference Between Bitcoin Veterans and Newbies | by Johnwege | The Capital | Dec, 2022

Next Post

Russian Army Death Toll Surpasses 93,000, With 340 Dead In Just One Day : worldnews

Related Posts

London Stock Exchange Debuts First Blockchain-Powered Fundraising

London Stock Exchange Debuts First Blockchain-Powered Fundraising

by Jared Kirui
September 15, 2025
0

The London Inventory Alternate (LSEG) has accomplished its first blockchain-powered transaction, marking the launch of its new digital markets platform....

Hot and Cold Crypto Wallet: Which One is Safer and Smarter in 2025 | by Swapan Das | The Capital

Hot and Cold Crypto Wallet: Which One is Safer and Smarter in 2025 | by Swapan Das | The Capital

by Swapan Das
September 10, 2025
0

Press enter or click on to view picture in full measurementpicture edit by Creator utilizing CanvaThose that are investing or...

Germany’s Biggest TV Channel Features Ripple, XRP On Air

Germany’s Biggest TV Channel Features Ripple, XRP On Air

by Christian Encila
September 5, 2025
0

Ripple and its native token XRP have been given uncommon mainstream publicity on German finance channel Der Aktionar TV. In...

Incremental Learning in AI 2025: Overcoming Catastrophic Forgetting & Boosting Efficiency | BitX Case Study

Incremental Learning in AI 2025: Overcoming Catastrophic Forgetting & Boosting Efficiency | BitX Case Study

by Euro Times
September 4, 2025
0

Navigating the Shift from Static Models to Dynamic, Lifelong Learning Systems 1. Why AI Needs to Evolve: Beyond Static Intelligence...

12 Months of Crypto in 2 Columns: 5-Digit Winners and Double-Digit Losers

12 Months of Crypto in 2 Columns: 5-Digit Winners and Double-Digit Losers

by Jamie Redman
August 31, 2025
0

Crypto’s final 12 months delivered excessive dispersion, with a cluster of tokens posting four- and five-digit positive factors whereas a...

BitX Mining & BitX V2 Accelerator: Driving AI-Powered Web3.0 Growth in Turkey and Iran

BitX Mining & BitX V2 Accelerator: Driving AI-Powered Web3.0 Growth in Turkey and Iran

by Euro Times
September 1, 2025
0

BitX Mining is emerging as a global innovator in AI-driven Bitcoin mining technology, introducing solutions that redefine efficiency, accessibility, and...

Next Post
Russian Army Death Toll Surpasses 93,000, With 340 Dead In Just One Day : worldnews

Russian Army Death Toll Surpasses 93,000, With 340 Dead In Just One Day : worldnews

Why Are Quantum Computing Stocks Falling?

Why Are Quantum Computing Stocks Falling?

From RailTel, Coal India, MCX, BEL to Maharashtra Seamless, stocks to track on September 17

From RailTel, Coal India, MCX, BEL to Maharashtra Seamless, stocks to track on September 17

September 17, 2025
I tested the Apple Watch Series 11 for a week – here’s my buying advice now

I tested the Apple Watch Series 11 for a week – here’s my buying advice now

September 17, 2025
Putin dons military fatigues in war games 500 miles from the frontline in a show of strength to the West

Putin dons military fatigues in war games 500 miles from the frontline in a show of strength to the West

September 17, 2025
Politico Plays Dumb on ‘The Nation’ Magazine’s Connection to George Soros

Politico Plays Dumb on ‘The Nation’ Magazine’s Connection to George Soros

September 17, 2025
Alger International Opportunities Fund Q2 2025 Commentary

Alger International Opportunities Fund Q2 2025 Commentary

September 16, 2025
Ransomware gangs including Scattered Spider and Lapsus$ claim to retire, but experts warn of possible rebrand

Ransomware gangs including Scattered Spider and Lapsus$ claim to retire, but experts warn of possible rebrand

September 16, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

From RailTel, Coal India, MCX, BEL to Maharashtra Seamless, stocks to track on September 17

I tested the Apple Watch Series 11 for a week – here’s my buying advice now

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In