RATE Group | Ethereum Price Analysis – Technicals suggest the low for the USD pair has been set » Bra…
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Ethereum Price Analysis – Technicals suggest the low for the USD pair has been set » Bra…

26 Jul Ethereum Price Analysis – Technicals suggest the low for the USD pair has been set » Bra…

Posted at 03:52h in Ethereum News by

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Ethereum (ETH) has had several 10%+ swings in price over the past month, but lagged during Bitcoin’s recent bullish rally. The market cap now stands at US$48.37 billion, with exchange-traded volume of US$1.46 billion in the past 24 hours. Market dominance currently sits at just over 15%.

Ethereum Price Analysis 26 July 2018 1The 30-day Kalichkin network value to estimated on-chain daily transactions (NVT) ratio has been in decline since surpassing a two year high recently. Inflection points in NVT can be leading indicators for a reversal of an asset’s value. A clear downtrend in NVT suggests a coin is undervalued for its utility and should be seen as a bullish price indicator.

Ethereum Price Analysis 26 July 2018 2The number of transactions per day have continued to increase this month, with cumulative fees exceeding the previous record posted in January. The spike in fees correlates with the release of a new voting system for coin listings on Fcoin, an exchange based in China. The system encourages users to repeatedly deposit tokens to the exchange. Large…

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