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Ethereum: What you should know about Long-term holders’ ‘historic’ sell-off
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October and November have been kind of historic for not just Ethereum, but all altcoins. However, “historic” doesn’t necessarily automatically imply a positive development. In Ethereum’s case, this particular development is the perfect example.
Not in terms of price action though. Instead, it has to do with an ATH, one set thanks to its investors.
Since its $4878 all-time high 10 days ago, ETH has been dropping on the charts. The depreciation of 7.7% on 16 November 16 triggered many market investors significantly. And, since this was the first significant price fall in almost 2 months, it was not surprising to see investors panic.
Ethereum price action | Source: TradingView – AMBCrypto
The scale of the aforementioned depreciation doesn’t
Read more on ambcrypto.comAbout this in other media
Bitcoin, Ethereum aren’t as volatile now, so what’s the panic about ambcrypto.com /2 years ago
Long-Term Bitcoin, Ethereum Holders Remain Confident, On-Chain Data Shows cryptonews.com /2 years ago
Long-term Bitcoin holders at multi-year high: Glassnode cointelegraph.com /2 years ago
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