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ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of Reversal
ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline
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Is the Low Bitcoin Hashprice a Sign of an Approaching Bottom?
Is the Low Bitcoin Hashprice a Sign of an Approaching Bottom?CryptoQuant analyst Woominkyu's latest analysis report suggests that a close correlation exists between Bitcoin hashprice and Bitcoin price. The current low hashprice could indicate that Bitcoin is nearing its bottom
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Bitcoin Nearing $66,000? On-Chain Data and Technical Indicators Hint at Bullish Signals
Bitcoin Nearing $66,000? On-Chain Data and Technical Indicators Hint at Bullish SignalsBitcoin's price could soon break through the $66,000 mark, fueled by robust on-chain metrics and a bullish technical pattern. The 14-Day Market Realized Gradient and the NVT Golden Cross metric both show positive signals, suggesting a potential upward trend
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Vitalik Buterin Publicly "Endorses" Ethereum: Bullish Signal Emerges?
Vitalik Buterin Publicly "Endorses" Ethereum: Bullish Signal Emerges?Yesterday, an image of Vitalik Buterin publicly "endorsing" Ethereum went viral in the crypto community, sparking widespread discussion. Seasoned investors understand the significance of this image, as it suggests that the time for Ethereum's price to rise may be approaching
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Bitcoin Reclaims $60,000, 74% of Circulating Supply Unmoved, Signaling Long-Term Bullishness
Bitcoin Reclaims $60,000, 74% of Circulating Supply Unmoved, Signaling Long-Term BullishnessFollowing a brief dip last night, Bitcoin staged a strong rebound, breaking through the $60,000 mark around 9 am today and reaching a high of $60,920. As of press time, Bitcoin is trading at $60,815, up 4
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Ethereum Gas Fees Hit 5-Year Low, Signaling a Bull Run?
Ethereum Gas Fees Hit 5-Year Low, Signaling a Bull Run?Ethereum gas fees have been steadily declining recently, hitting a five-year low. According to DuneAnalytics data, the median gas fee fell to 0
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Lido Ethereum Staking Sees 12 Consecutive Days of Outflows: Market Signal or Short-Term Fluctuation?
Lido Ethereum Staking Sees 12 Consecutive Days of Outflows: Market Signal or Short-Term Fluctuation?Since August, Lido Ethereum staking has experienced 12 consecutive days of net outflows, attracting widespread market attention. This phenomenon not only reflects subtle shifts in investor behavior and market sentiment but also presents new challenges and opportunities for Lido itself and the entire Ethereum ecosystem
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Goldman Sachs and Morgan Stanley Significantly Increased Bitcoin ETF Holdings in Q2, Reflecting Institutional Investor Interest
Goldman Sachs and Morgan Stanley Significantly Increased Bitcoin ETF Holdings in Q2, Reflecting Institutional Investor InterestMorgan Stanley also demonstrated interest in BlackRock's iShares Bitcoin ETF, disclosing ownership of 5.5 million shares, valued at $188 million
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Bitcoin Price Trend Analysis: Bullish Signals and Potential Risks
Bitcoin Price Trend Analysis: Bullish Signals and Potential RisksRecently, a series of bullish signals have emerged in the Bitcoin market, sparking heated discussions about future trends. Several analysts have pointed out that Bitcoin is moving within a bullish chart pattern known as a "descending broadening wedge
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Ethereum Spot ETF: A Bullish Signal, A Bright Future?
Ethereum Spot ETF: A Bullish Signal, A Bright Future?Introduction:September 24th, 2023, marks a memorable date in the cryptocurrency market. On this day, the U
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Has Ethereum Bottomed Out? The Dragon's Dive Strategy Reveals Short-Term Rebound Signals
Has Ethereum Bottomed Out? The Dragon's Dive Strategy Reveals Short-Term Rebound SignalsIntroduction:Recently, the price of Ethereum has experienced a pullback, causing concern among many investors. However, as the proverb goes, "The bridge will appear once you get there
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Is Bitcoins sustained price decline a sign of a looming bear market?
Is Bitcoins sustained price decline a sign of a looming bear market?Introduction: Bitcoins price has been continuously declining recently, breaking through the $65,000 mark, raising market concerns. Technical indicators suggest a bear market, and the price is facing further downward pressure