Massive spike in ETH’s Token Age Consumed - local bottom found?

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Ibis
Apr 21, 2020


Ethereum's Token Age Consumed, last 4 months (Source: Sanbase)

There’s been another significant spike in Ethereum’s token age consumed yesterday, as the coin fell below $180 during a market-wide correction.


Elevated levels of token age indicate that a significant amount of previously dormant coins are on the move once again, and often point to short-term behavioral shifts among market stakeholders.


Similar spikes of token age consumed during a correction have often preceded local bottoms for Ethereum in the past (accompanied image).


Should history repeat itself, we might see another short-term bounceback for ETH in days to come.

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Ibis
Apr 21, 2020

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