On-chain signs: bearish vs bullish
If we look into Ethereum itself, we might see massive divergencies across many metrics.
All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.
There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:
And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:
The period of increased volatility is here. What's your bet?