Ethereum Nears Final Adjustment Stage, Analyst Suggests
CryptoNewsTerminal Staff19 Aug, 2024
Ethereum Nears Final Adjustment Stage, Analyst Suggests
Ethereum's on-chain metrics indicate a gradual recovery in buying pressure, suggesting it may be nearing the final stage of adjustment, according to CryptoQuant analyst Burak Kesmeci. These metrics provide insights into the network's activity and can help determine market sentiment and potential price movements. However, it's important to note that the current ETH movement could be either a temporary rebound or the start of a sustained upward trend. Further analysis and observation of on-chain metrics and market conditions will be crucial in determining the direction of Ethereum's price.
