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$ETH gas prices are extremely high at 127 gwei.
#ETH✅
#gasfees
#GasPrice
#EthGasFees
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Yesterday Bitcoin Premium Index closed with a daily price difference of -$174.85, which is the lowest in more than 5 years as this is how far our data goes into the past. This probably means that we're at the local bottom or extremely close to it. Here are previous historical lows of the Bitcoin Premium: May 2021 at -$131.6: Prior to the local bottom and run to the ATH May 2022 at -$132.55: During $LUNA ecosystem crash End of October 2024 at -$133.82: Before the US elections and the run to $100k ATH
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According to the 200WMA heatmap, the $ETH price is lagging behind and is on the same 1.8% level when it was at $1000 during the July 2022 bottom. ➡️ https://www.tradingdigits.io/200-wma-heatmap
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Although the market has been in the red today, the institutions keep buying Bitcoin and Ethereum. With $475.2M of $BTC inflows and $117.2M of $ETH inflows, it was a pretty decent day for crypto ETFs. ➡️ https://www.tradingdigits.io/crypto-etf-tracker #ETFs #ETFvsBTC #BitcoinETFs #ETHETFS
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Following the dip on $BTC that started 10 days ago the MVRV-Z Index also went down from 3.35 to as low as 2.62, a nice drop before what may be the beginning of the new leg up. ➡️ https://www.tradingdigits.io/mvrv-z-score
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Merry Christmas everyone! 🎄 And here's a present for all of you. We're excited to announce that we just launched another technical indicator called 200 Week Moving Average Heatmap. Check it out: https://www.tradingdigits.io/200-wma-heatmap Available both for $BTC and $ETH, the heatmap tracks long-term trends, easily identifying possible tops and bottoms depending on how far the price of the asset is from the MA. #200wma
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