Following yesterday’s increase, the market is experiencing a slight correction, and the majority of coins are trading in the red. After Bitcoin’s (BTC) decline, Ethereum (ETH), has dropped 1 percent in the last day. Now, the $1,600 level needs to be closely watched. A rally might continue to the $1,650–$1,700 range if buyers can hold it.
Although the number of daily active addresses on the Ethereum network unexpectedly increased to 1.06 million, up 48% from the previous peak. The current increase in Ethereum active addresses is not a bullish sign, according to CryptoQuant analyst Maartunn, since it has traditionally pointed to a top in the local market.
A fost util acest scris?
Source: https://coinpedia.org/ethereum/the-fomo-may-put-an-end-to-the-ethereum-rally-soon-what-next-for-eth-price/