Ethereum has been observing changes in market patterns and investor behavior since the London Hard Fork came into effect. Given the recent surge in prices, it is only natural for investors to enter the market. To make a profit, we look at several indicators, but a new buy signal appears. But the question remains – should you buy now?

Ethereum – The new buy signal

Santiment shows us that instead of numbers, the top players dictate this buy signal. Ethereum’s top 10 addresses behave like this. Looking at their movement, historically, prices begin to fall when they begin to accumulate. HODLing has the lowest price and when they start selling the prices seem to go up.

At the moment it looks like the offer they are holding is decreasing resulting in a sale. At the same time, prices are rising, so the opportunity looks profitable.

The top 10 Ethereum addresses that show a buy signal | Source: mood

This profitability is confirmed by the position of the ratio of market value to realized value (MVRV). The indicator is currently at a 3-month high, which shows that ETH is highly profitable for investors.

Added to this are unrealized gains, which are currently at their highest level since May highs. Unrealized winnings are registered when combining the coins whose price was lower than the current price when they were realized. This reach is another point of interest for investors.

Ethereum’s unrealized gain | Source: Glassnode – AMBCrypto

BUT don’t buy it yet

The reason is what the numbers show. The offer in profit (SIP) is 96%; it may sound good, but it isn’t. 95% is the threshold above which every reach represents market peaks. On August 7th, SIP reached the market highs that have fallen slightly since then. This is an indication that the uptrend is now starting to decline.

Ethereum’s offer in profit | Source: Glassnode – AMBCrypto

After all, the effect of the downward trend can already be observed among investors, as the number of active addresses has declined significantly. The above data combined with the possibility of in-depth corrections suggests a cautious atmosphere when entering the market.


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