4 metrics that explain why ETH lost -9.3% today
In a month of milestones Ethereum has just logged in another one, climbing to a new all-time high of $1,459 yesterday evening, according to most price aggregators.
After an explosive +17.4% weekend, however, the price of ETH has begun to cool off over the past 24 hours, dropping by -9.3% since its new ATH.
Where there any signs of an impending correction for the second largest coin? Quite a few, in fact. Here’s a look at 4 ‘yellow flags’ that appeared in ETH’s fundamentals around its new all-time high, making today’s price dump far from a surprise.
1. Social volume explodes
The price of Ethereum tanked shortly after the new all-time high, as a number of potential top indicators began to form in the coin’s fundamental data.
According to data collected from over 1000 crypto social media channels, the amount
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