Bitcoin ($BTC) and altcoins have experienced significant gains in recent days. price of $BTC Ethereum ($ETH), the largest altcoin tested levels above $2,400.
meanwhile $ETH On-chain analytics platform Santiment, which has gained attention with a 17% rise since March 29, reveals interesting trends in the Ethereum market with its latest data.
At the moment, Santiment points out that there has been some recent selling pressure. $ETHbut these sells are bullish signals.
Investors have less than $0.01 in assets, according to our latest analysis from Santiment $ETH A total of 1,791 units were sold. $ETHworth $4.16 million in the past two days.
Santiment said these investors see the stock price rising nearly 17%. $ETH As a cattle trap since March 29th.
At this point, Santiment added, retail investors are actively selling. $ETH And viewing this as a bull trap is actually a bullish signal for Ethereum.
“The community believes this 17% rally since March 29 is a bullish trap, increasing the likelihood that this bullish momentum will continue.”
Ironically, these sales increase the likelihood that the upward momentum will continue. ”
*This is not investment advice.
