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On-chain signs: bearish vs bullish 28-03-23, 16:53

Bearish


If we look into Ethereum itself, we might see massive divergencies across many metrics.

Source: Sanbase

All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.



Bullish


There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:

Source: Sanbase
Source: Sanbase

And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:

Source: Sanbase

The period of increased volatility is here. What's your bet?


Charts:

Mar 27

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