Nov 14 2020

Bullish for ETH: The balance of Ethereum on exchanges just hit a multi-year low

published by Cole Petersen
in blog CryptoSlate
original entryBullish for ETH: The balance of Ethereum on exchanges just hit a multi-year low

analysis ethbtc ethusd ethusdt

Despite Ethereum being the backbone for the rapidly growing decentralized finance ecosystem, the cryptocurrency has been severely underperforming Bitcoin throughout the past few weeks. This underperformance comes as its price remains below its 2020 highs, while BTC is trading at the highest levels seen in the time following its parabolic uptrend in 2017. Although its price action has not been overtly bullish, ETH...

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