At press time, CoinMarketCap indicated that ETH was one of t | bolucrypto on Binance Square

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At press time, CoinMarketCap indicated that ETH was one of the cryptos trading in the green heading into the weekend.

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ETH

2,437.8

-0.72%

ONE

0.01103

+1.47%

586

0

Replies 0

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The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

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Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

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short-term profit-taking sentiment among day traders pushed the price lower toward $27,850 later in the day.

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The last time the sell-side risk ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017.

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Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the sell-side risk ratio metric suggests that “sellers are exhausted on both sides,” and that indicates big moves “are coming.”

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