We recently posted about Ethereum's return above $2,000 this past week, and our explanation on one of the key contributors to why.

When active addresses move up over time for a crypto asset, while active deposits move down, it's a reliable indication of a token seeing growing utility without funds moving to exchanges for potential sell-offs. In other words, this is a very bullish pattern our pro traders look for often.

Our new Daily Active Deposits & Non-Deposit Activity Sansheets Model easily identifies which assets are developing patterns similar to Ethereum's. Here's a snapshot of which activity vs. deposit ratios are rising vs. their 3-month resting averages:

Here are some of the largest bullish divergences, according to this model. We look for high green bars (indicating large activity/deposit ratios), and large green dots on the above model, and rising orange lines on Sanbase here:

Skale ($SKL)

Enjin Coin ($ENJ)

Decentraland ($MANA)

Matic ($MATIC)

Sentivate ($SNTVT)

References:

hbar - https://www.coindesk.com/uks-nhs-taps-blockchain-tech-to-monitor-coronavirus-vaccine-cold-chain

yellen - https://www.coindesk.com/janet-yellen-says-cryptocurrencies-are-a-concern-in-terrorist-financing

enj - https://twitter.com/enjin/status/1351366534967472128

mana - https://www.reddit.com/r/Iota/comments/l0k8tf/the_economic_model_of_iota/

tru - https://www.binance.com/en/support/announcement/26aba13db00c473085bf51ddd2c81839