Exchange Flow Metric Indicates Possible Local Bottom for BTC, ETH – Is a Price Reversal Imminent?
New York, NY – An analysis of the exchange flow metric suggests a possible local bottom for Bitcoin (BTC) and Ethereum (ETH) in the market. Despite struggles by bulls to shift the market dynamic in their favor, recent losses have led both cryptocurrencies back to a crucial support zone where buyer behavior will determine the next price move. Following a drop in price, Ethereum’s MVRV and NVT ratios indicate that the asset may be undervalued. …