New wave of volatility coming to Ethereum?

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Apr 15, 2020


  • The market's prolonged indecision combined with the recent behavior by ETH miners and whales indicate increased volatility may be on the horizon for Ethereum
  • Assets covered: Ethereum
  • Metrics used: Top holders, Token age consumed, Miner balances, Social volume, Social sentiment, Holder distribution, MakerDAO debt created

We are now exactly a month removed from ‘Black Thursday’, when the coronavirus pandemic toppled the world’s financial systems and sent the crypto market into freefall.

Most cryptocurrencies including Ethereum were down 40% or more on the day, and have been eyeing for a 2017-like bounceback since. So far, no dice.

So what’s the short-term outlook for the world’s second largest cryptocurrency? Looking at Ethereum’s latest on-chain and social data, there’s still a number of indicators that the market remains grossly undecided and - at least as of yet - fairly uncommitted.

That said,

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