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CryptoQuant Analyst: Two On-Chain Indicators Suggest Ether May Be in Later Stages of Pullback

CryptoQuant Analyst: Two On-Chain Indicators Suggest Ether May Be in Later Stages of Pullback

Bitget2024/08/19 17:22

CryptoQuant analyst Burak Kesmeci said in a social media post, “Two different on-chain metrics may indicate that we are currently in the later stages of the ETH pullback. Current data suggests that Ether buyers are gradually regaining strength. However, time will tell if this is just a temporary bounce or the beginning of a strong rally led by the bulls.”

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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