ETH. Behaviour analyses

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Nov 16, 2020

We will use a combination of TA analyses (based on EW) + the behaviour metrics from Sanbase: DAA, Daily Active Deposits, Deposit Transactions, Network Growth + Social Volume.

The working assumption at the moment is that we are in a process of finishing the ETH price advance from 24-th of October:

ETHUSD, 2 hours

The corresponding behaviour metrics are very weak at the moment. DAA (Daily Active Addresses), Network Growth are struggling to keep up with the current price level.

DAA, pirce vs. metric divergency
Network Growth (pink bars) divergency vs price (green)
Deposits to exchanges (amount and volume)

Typically it would be a clear sign for a price top. However, we would like to keep the more bullish stance for a moment. But just for a moment (that's important).

1) ETH was able to experience one more last spike back in September together with growing "divergency" pattern

2) EW count suggest, we might see one final push to finalize the wave 5.

Wave 5 means - we might see some very good news around. Right before the price "unexpectedly" turns around.

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Nov 16, 2020

Thanks for reading!

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