Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    NFT sales plunge 4.7% to $95.9m, CryptoPunks sales fall 80%

    April 19, 2025

    Cboe Announces 5 Ether ETFs Will Be Listed Tuesday Pending Regulatory Effectiveness

    July 22, 2024

    Trump to launch DeFi protocol next Monday

    September 13, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Sonic price prediction 2025, 2026, 2027-2031

      September 3, 2025

      Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

      September 2, 2025

      Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

      September 1, 2025

      Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

      August 31, 2025

      Memecoin with high growth potential in 2025

      August 29, 2025
    • Technology

      Can $0.23 hold after volatile Trump token launch?

      September 3, 2025

      Solana Set to Approve Alpenglow, Slashing Finality to 150ms

      September 1, 2025

      Philippines May Become First Country to Put Entire National Budget on Blockchain

      August 31, 2025

      Why MicroStrategy clones are choosing Solana over Bitcoin for corporate treasuries

      August 30, 2025

      XRP price could rocket past $5 in September as catalysts ignite

      August 29, 2025
    • Learn/Guide

      Fed to host October conference on stablecoins, DeFi, AI, and tokenization

      September 3, 2025

      Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

      September 2, 2025

      Hong Kong University’s business school considers accepting Bitcoin for tuition and donations

      August 31, 2025

      Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

      August 30, 2025

      SBI-backed game maker Gumi announces $17 million XRP purchase

      August 29, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      KuCoin Taps Vietnam’s VBA in Push for 2025 Blockchain Strategy

      September 3, 2025

      Crypto Investors Face New Rules as South Korea Joins OECD’s Reporting System

      September 2, 2025

      Japan Post Bank to Roll Out Yen-Backed Digital Currency in 2026

      September 1, 2025

      Russia to Impose Stricter Rules on Banks Handling Crypto Transactions

      August 30, 2025

      CFTC Greenlights Offshore Crypto Access

      August 29, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Ethereum’s ‘quiet time’ should not be taken for weakness: Analysts
    Technology

    Ethereum’s ‘quiet time’ should not be taken for weakness: Analysts

    August 5, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ethereum’s ‘quiet time’ should not be taken for weakness: Analysts
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • Although ETH displayed signs of weakness, it had the potential to surge.
    • The altcoin’s volatility was low as the price continued to drop.

    For some time, Ethereum [ETH] has been experiencing a relatively subdued period in the market, with concerns arising about its price action. However, analysts are cautioning against interpreting this phase as a weakness in the altcoin. 


    How much are 1,10,100 ETHs worth today?


    Some of those backing ETH to thrive include Glassnode co-founders Jan Hapell and Yann Allemann. The duo, who operate on Twitter under the “Negentropic” username, noted that Bitcoin [BTC] might shine going forward.

    The calm before ETH storms

    The analysts argued that ETH’s apparent calmness should not be underestimated, as there could be a” golden mid-term opportunity.” Hapell and Allemann, in their tweet, also shared an image of the ETH/USD chart, indicating that the altcoin could be set for a breakout.

    ETH Ticking Bomb

    Short-term weakness, but a golden mid-term opportunity!

    ????According to the ETHBTC trading pair, it’s time to shift from BTC to altcoins.
    ????Hold on, BTC might shine briefly, but ETH is gearing up for a spectacular run!
    ????Avoid high-beta plays and focus on… pic.twitter.com/tntwzwyV2Y

    — ???????????????????????????????????????????? (@Negentropic_) August 3, 2023

    Over the last seven days, ETH has been hovering around $1,835 and has been unable to hit $1,900 within the said timeframe. But do metrics agree that an ETH breakout is on the horizon?

    Well, from Glassnode’s data, ETH’s seller exhaustion constant was down to $0.097. The seller exhaustion constant is the product of the 30-day price volatility and the coin supply in profit. 

    Originally created by ARK Invest and David Puell, the metric also checks for capitulation and bottoms. So the drop indicates low volatility and high losses. Thus, ETH could be close to its lowest value in the current market cycle.

    Source: Glassnode

    Is ETH at a fair price?

    Additionally, the Network Value to Transaction (NVT) signal rose mildly after a recent fall to 82.92. As a modified version of the NVT Ratio, the NVT signal checks if a blockchain network is overvalued or not by using the 90-day Moving Average (MA).

    If the metric jumps extremely high, it means that the asset is overvalued. But ETH’s NVT increase was not exactly significant. So, the coin can be said to be at a fair value.

    Ethereum NVT signal

    Source: Glassnode

    As per the price action, the ETH/USD 4-hour chart showed that the altcoin held support at $1,831. Despite numerous attempts to push the price upwards, selling pressure has ensured that ETH gets rejected at $1,857.


    Is your portfolio green? Check the Ethereum Profit Calculator


    The Exponential Moving Average (EMA) also gave an insight into what to expect from ETH in the short term. At press time, the 20 EMA (blue) was below the 50 EMA (yellow). 

    If the 20 EMA is above the 50 EMA, the trend is bullish. But if the 50 EMA is above 20 EMA, the trend is bearish. Therefore, the odds are on ETH to decrease before any run up the charts.

    Ethereum [ETH] price action and analysis

    Source: TradingView





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Can $0.23 hold after volatile Trump token launch?

    September 3, 2025

    Solana Set to Approve Alpenglow, Slashing Finality to 150ms

    September 1, 2025

    Philippines May Become First Country to Put Entire National Budget on Blockchain

    August 31, 2025

    Why MicroStrategy clones are choosing Solana over Bitcoin for corporate treasuries

    August 30, 2025
    Top Posts

    FBI seizes Polymarket CEO’s phone following Trump election prediction

    November 14, 2024

    Cardano Surpasses 500 Million ADA In TVL

    May 20, 2023

    MANTRA Launches Blockchain Startup Incubator in Dubai with $11 Million Investment from Shorooq Partners

    April 20, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Sonic price prediction 2025, 2026, 2027-2031

    September 3, 2025

    Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

    September 2, 2025

    Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

    September 1, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.