These 2 On-Chain Signs Suggest Ethereum’s Long-Term Trend Is Positive

These 2 On-Chain Signs Suggest Ethereum’s Long-Term Trend Is Positive

Ethereum has been on a remarkable rally over the past few weeks. Since the start of July, when the asset was trading closer to ~$220, ETH has literally doubled. It trades just shy of $440 as of this article’s writing, flat in the past 24 hours.

Although some see this move as an impulsive surge that isn’t sustainable, on-chain metrics show that Ethereumis in a good spot. They add to the positive…

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