symmetrical triangle drives sideways trend.MVRV ratio hints recovery
This is a U.S. news story, published by CoinGape, that relates primarily to MVRV news.
U.S. news
For more U.S. news, you can click here:
more U.S. newsMVRV news
For more MVRV news, you can click here:
more MVRV newscrypto trading & speculation news
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
recent price rebound. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Ethereum price drop news, Ethereum price news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
ETH price consolidation trendCoinGape
•The ETH price showed a modest drop of 0.3% during the U.S. trading session on Wednesday, currently trading at $2432
62% Informative
The ETH price showed a modest drop of 0.3% during the U.S. Trading session on Wednesday , currently trading at $ 2432 .
A symmetrical triangle pattern drives the mid-term sideways trend in the ETH price.
The 365-day MVRV ratio around 13.7% hints at a possible long-term recovery.
15% decline in 24-hour active addresses and a steady rise in ETH supply since July suggest weaker network activity.
VR Score
43
Informative language
35
Neutral language
46
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
4
Affiliate links
no affiliate links