Ethereum’s Technical Metric Hits Historic Lows, Echoing 2016, 2018, and 2022 Crashes

Ethereum’s Technical Metric Hits Historic Lows, Echoing 2016, 2018, and 2022 Crashes

The market circumstances for Ethereum are getting close to historically oversold levels, which are evocative of the sharp declines observed during previous cryptocurrency crises. Ethereum, according to Qiao Wang, co-founder of web3 accelerator Alliance DAO, is still the most practical blockchain for institutional adoption in spite of this. The market is concerned about Ethereum's oversold signal. There are concerns that Ethereum (ETH) may ...

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