ETH On-Chain Analysis: Ethereum Active Addresses Divergence Remains in Bullish Area Amid Price Drop
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Ethereum (ETH) price rallied almost 8% from its support level near $2500 in the last 2 days. While continuing its volatile price movement in the last 24-hour, the current price is still 4% up near $2650. Although the price action is flat, Santiment data suggest a bullish outlook in the future. According to on-chain metrics firm Santiment, ETH active addresses divergence has remained in the bullish divergence area despite the decrease in prices. Moreover, there is a bullish divergence between Ethereum’s Daily Active Addresses (DAA) and price movement, suggesting the possibility of a price uptrend. submitted by /u/SwapzoneIO |
