7 signals showing $ETH is ready for a big move up after its recent 78% monthly rally👇
1. NUPL currently sits in the Belief - Denial phase and continues to diverge from price.
As price moves higher and NUPL moves lower, it indicates $ETH could go vertical soon.
NUPL is a gauge for the market’s emotional state.
2. For the first time, #Ethereum Google search interest is now higher than Bitcoin.
Google searches and price action are running in parallel with one another.
Ethereum searches are going parabolic while #Bitcoin searches drop/level off.
3. What about the #dogecoin?
#Ethereum Google search interest is smoking dogecoin search interest despite @elonmusk and Tiktok Trader's best efforts.
Much Wow!
4. Whale Wallets spiked suddenly (wallets w/ greater than $10K ETH) on April 18th and continue to rise in unison with the price.
$ETH loans are up 400% and make up 27% @genesistrading loan book as hedge funds ape into Defi summer 2021.
5. $ETH continues to leave exchanges in unison as the price rises, which is a signal it won’t be sold anytime soon.
6. 79,520 $ETH were transferred to the ETH2 deposit contract on May 5th, 2021, a few days after @coinbase opened staking.
The amount of new value staked could accelerate through the summer.
7. The Number of active $ETH addresses continues to increase.
As Google search interest rises, so will active ETH addresses, putting pressure on price upwards.
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