Deangelo Tims EIZg
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Ethereum Signals Price Decline
One of the leading on-chain indicators of Ethereum showing this decline is the divergence between price and the number of daily active addresses (Daily Active Addresses – DAA). Simply put, DAA price divergence indicates whether the value of a cryptocurrency increases along with user participation.
When this indicator is positive, it implies that user participation has increased, thereby creating an opportunity for prices to rise higher. Conversely, when DAA price is negative, it implies that network activity has decreased, and thus, the upward momentum may slow down.
According to Santiment, the price divergence of Ethereum's DAA has dropped to -64.17%. This significant decline indicates a decrease in the number of addresses interacting with this cryptocurrency. Given the conditions stated above, the price of ETH may decline as a result.
One of the leading on-chain indicators of Ethereum showing this decline is the divergence between price and the number of daily active addresses (Daily Active Addresses – DAA). Simply put, DAA price divergence indicates whether the value of a cryptocurrency increases along with user participation.
When this indicator is positive, it implies that user participation has increased, thereby creating an opportunity for prices to rise higher. Conversely, when DAA price is negative, it implies that network activity has decreased, and thus, the upward momentum may slow down.
According to Santiment, the price divergence of Ethereum's DAA has dropped to -64.17%. This significant decline indicates a decrease in the number of addresses interacting with this cryptocurrency. Given the conditions stated above, the price of ETH may decline as a result.
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