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The Daily Hodl
2023-05-07 09:15:05

Ethereum on Cusp of Breaking Out As Traders Rotate Memecoin Profits Into ETH, Says Analytics Firm

Ethereum on Cusp of Breaking Out As Traders Rotate Memecoin Profits Into ETH, Says Analytics Firm

A leading analytics firm says that Ethereum (ETH) is flashing a bullish on-chain signal as traders pile into the leading smart contract platform. Santiment says that Ethereum is witnessing a strong surge in active deposits, a metric that tracks the number of unique deposit addresses on an exchange that have been active on a particular The post Ethereum on Cusp of Breaking Out As Traders Rotate Memecoin Profits Into ETH, Says Analytics Firm appeared first on The Daily Hodl .

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