The crypto markets are slowly but surely recovering following the recent price losses. Check out the latest reports about the new predicitons involving the most important coins out there.
Ethereum is set to rally soon
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,660.
It’s been just revealed that the crypto analytics firm Santiment is revealing one factor that is likely to foreshadow the start of a bullish phase for Ethereum (ETH).
Santiment made sure to say that the volume of Ethereum on exchanges has risen and a decline of the same would signal the start of a bullish cycle.
“Ethereum has seen its supply held by top exchange addresses rise, which makes sense with traders dumping their holdings onto large exchanges during the 2022 slide. Watch for a decline in top ETH exchange address holdings as a bullish signal.”
According to Santiment, the amount of Ethereum held on the leading ten crypto exchanges is now over seven million, a figure last reached in May of 2021.
Santiment also said that the ratio of Ethereum held outside of crypto exchanges relative to the Ethereum held by exchanges has reached a one-year low.
Check out the rest of the new details about crypto predicitons in the original article.
The crypto market state today
It’s been reported that a popular crypto analyst is making a macroeconomic forecast to see what the future might hold for risk-on assets like Bitcoin (BTC).
In a new strategy session, the pseudonymous host of Coin Bureau known as Guy made sure to explain the fact that periods of high inflation have historically lasted roughly three years, which could give hints as to when the financial landscape could change.
“It’s anyone’s guess as to when inflation will come down, but history suggests that periods of high inflation last for about two to three years at a time, at least in the United States.”