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This heightened movement of Ethereum off exchanges could indicate a shift towards DeFi platforms or other projects built on the ETH blockchain.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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On the monthly charts, ETH made a lower low this month compared with the April low, suggesting a soft bias.
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ETH/USD’s fall earlier this month below horizontal trendline support at 1780 could be the start of a broader consolidation/sideway range.
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ETH/USD has so far held above crucial cushion at the February highs of 1710-1740 (including the 89-day moving average) amid a broader bullish outlook.
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Although SAND has been trading flat for a while now, technical indicators suggested that there was bullish momentum present on its weekly chart.
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At press time, SAND was worth about $0.5506 following a 1.01% price increase.
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