The bear market appears to be in full swing, despite a few stray spikes in the prices of some crypto-assets. In fact, the general sentiment towards Ethereum [ETH] seemed to be one of fear, as per the Ethereum Fear and Greed Index at press time. The surge in fear, however, is the result of ETH’s […]
ETH: A work-in-progress
Non-exchange holdings stood at $23.16 million, which brought the total holdings of non-exchange and exchange addresses to $32.29 million at press time.Ethereum’s market capitalization stood at over $160 billion, at press time, representing over 17% of the total crypto-market. The resistance level was at around $1,425.6, with ETH struggling to break through the same since 19 September. A further observation of the trend lines suggested that the press time resistance acted as support until it flipped.The Relative Strength Index was visible below the neutral line too. This indicated a fairly strong bear trend. The Directional Movement Index also showed the minus DI and the signal line over 20 confirming the bear move of the asset.
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