Maaari bang alisin ng Ethereum bulls ang mga bear sa merkado?

　　Pinagmulan: Glassnode

　　However, fear can act as fuel for a bounce. If the STH-NUPL continues to fall, ETHs price might also decrease.

　　Moving, on, a turnaround might occur as intense fear could trigger a harder upswing if buying pressure increases.

　　In this instance, Ethereum might target a rise toward $3,500. Besides this metric, AMBCrypto found another indicator suggesting that ETH might soon recover.

　　This time, we looked to the dormant circulation. According to on-chain data from Santiment, the 90-day dormant circulation had dropped to 9246.

　　If the metric increases, it means that coins that have not moved for a long while are starting to change wallets. Sometimes, this means old hands are selling.

　　Pinagmulan: Santiment

　　Thus, the recent decline implied that long-term Ethereum investors were not selling as much as they did around the 7th and 8th of May.

　　Basahin ang Prediction ng [ETH] ng Ethereum 2024-25

　　However, the Network Value to Transaction (NVT) ratio suggested that ETH might still be overvalued. Low values of the NVT suggest undervalued.

　　But for Ethereum, the metric spiked, indicating that the network is overvalued relative to transactions.