After weeks of bear pressure Etheremeum shows nice fundamentals such as:
-Net network growth: UP BY 0,71%+
Increasing in participants on the ethereum network
Bullish signal.
-Moneyness ratio Global in the money ratio:
2.45% possitions more are in long.
Bullish signal
Concentration
Large Holders are divided between Whales, addresses with more than 1% of the circulating supply, and Investors, addresses that hold 0.1% to 1.0% of the circulating supply.
All other addresses are considered Retail.
In this sense the price of ETH has seen a Concentration growth on 0,35%+ being these bull signal too.
Large Trasactions:
Stats about transactions with a value of $100,000 or greater shows a 0,39%+ growth in the ETH net. Another null signal.
Derivatives Data shows:
A not favorable data would be the Futures Market Momentum which shows data not as favorable as decreasing Open Interest Momentum for long positions, Volume remains low and future's market shows no momentum. That would be Bearish short term data, that could drive the price to a bear market(in the short term) and this could change in NY session. Need that moment data to confirm.
-Net network growth: UP BY 0,71%+
Increasing in participants on the ethereum network
Bullish signal.
-Moneyness ratio Global in the money ratio:
2.45% possitions more are in long.
Bullish signal
Concentration
Large Holders are divided between Whales, addresses with more than 1% of the circulating supply, and Investors, addresses that hold 0.1% to 1.0% of the circulating supply.
All other addresses are considered Retail.
In this sense the price of ETH has seen a Concentration growth on 0,35%+ being these bull signal too.
Large Trasactions:
Stats about transactions with a value of $100,000 or greater shows a 0,39%+ growth in the ETH net. Another null signal.
Derivatives Data shows:
A not favorable data would be the Futures Market Momentum which shows data not as favorable as decreasing Open Interest Momentum for long positions, Volume remains low and future's market shows no momentum. That would be Bearish short term data, that could drive the price to a bear market(in the short term) and this could change in NY session. Need that moment data to confirm.