Ethereum (ETH) could be hit by a new wave of volatility: data

Ethereum (ETH) could be hit by a new wave of volatility: data

The active deposits of the Ethereum network have reached an eight-month high. This metric shows the total number of all incoming and outgoing transactions with deposit addresses and accounts for user-to-exchange transactions-from a personal wallet to a deposit address and from a deposit address to the main stock exchange wallet.

• according to the latest Data < Reached eight-month high, possibly the volatility of the Ethereum Prize could anticipate.
• In such a case, the increased price movements are likely to have similar effects on the asset as the most excited transition from the blockchain from Pow to POS during the merger and the collapse of the FTX.
• The volatility forecast comes because the price of ether in the middle of a low trading volume remained trapped in a tight span, unimpressed by the generally expected rate increase of the Fed by 25 basis points.
• The Shapella upgrade was also unable to enchant the bulls, since the asset has only increased by 3 % since the event on April 12th.
• Although it is unclear in which direction the price of ether will move at short notice, the data indicates increased sales pressure on the asset.
• ETH suppression in the price comes from the fact that whales hold 1,000 to 10,000 ETH unloaded A huge amount of tokens in the past two weeks.
• In addition, the ETH also saw the transfer from $ 505 million on May 2. This amount of the currency flow was last observed before the merger. Investors who deposit their ETH tokens on the stock exchange are usually a declining note.