Ethereum ($ETH ) is entering July trading at multi-month lows around $1,570, and it just did something it has never done before in history: it recorded three consecutive red quarterly candles.
The data right now is a complete tug-of-war. Active addresses are down 46% from the February highs, but at the exact same time, whale addresses holding between 1,000 and 10,000 ETH completely spiked this week. The big players are heavily accumulating this exact dip ahead of the massive base-layer "Glamsterdam" upgrade coming later this half of the year.
Is this the ultimate long-term buy zone for ETH, or is it a falling knife? Drop your thoughts below. 💎
#Ethereum #ETH #CryptoNews #Altcoins #Binance #Crypto
The data right now is a complete tug-of-war. Active addresses are down 46% from the February highs, but at the exact same time, whale addresses holding between 1,000 and 10,000 ETH completely spiked this week. The big players are heavily accumulating this exact dip ahead of the massive base-layer "Glamsterdam" upgrade coming later this half of the year.
Is this the ultimate long-term buy zone for ETH, or is it a falling knife? Drop your thoughts below. 💎
#Ethereum #ETH #CryptoNews #Altcoins #Binance #Crypto