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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn

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Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn - NewsBTC

Quick Summary:

Metrics Signalling End Of The Slump According to the post by the CryptoQuant analyst Burak Kesmeci, key on-chain metrics indicate that the necessary liquidations on leveraged positions have occurred, and buyers are slowly regaining their footing.2 Different On-Chain Metrics May Indicate We Are in the Late Stages of Ether’s Correction "Current data shows that buyers in Ether are gradually regaining strength.

According to Kesmeci’s analysis, the Taker Buy Sell Ratio for Ethereum has recently turned positive, indicating that buyers are beginning to regain control after a period of dominance by sellers.

A Closer Look At Ethereum Open Interest In addition to the Taker Buy Sell Ratio, Open Interest (OI) is another crucial metric the analyst mentioned in his analysis.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 03:30:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22190572

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

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News Last Updated: 12 hours ago

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