Ethereum’s Potential Uptick: Signs Pointing Towards Rising Prices

Ethereum, the largest altcoin by market value, is not performing as expected despite Bitcoin‘s recovery. As the home to a significant portion of smart contracts, Ethereum is critical. Today, most actively used crypto-centric platforms operate on the Ethereum network. So, what is Ether waiting for while most altcoins have rallied massively? Ethereum (ETH) On-chain data indicates more ascension for the altcoin king due to all-time lows in exchange balances and continued increases in staking deposits. Ether’s technical charts show that if buyers can rise above the resistance between $1,900 and $2,000, the asset could reclaim $3,000. According to Glassnode data, exchange balances for ETH have shown a sharp drop of 12.6% to a new low in the last 30 days. A decrease in the supply on crypto exchanges, which implies fewer available assets for sale, is considered a bullish sign. The net flow volume of deposit and withdrawal transactions shows […] The post Ethereum’s Potential Uptick: Signs Pointing Towards Rising Prices appeared first on COINTURK NEWS.