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TechFlow reports, according to Burak Kesmeci, analyst at cryptocurrency analytics platform CryptoQuant, two distinct on-chain indicators suggest Ethereum may be nearing the end of its price correction phase. CryptoQuant stated: "Current data shows that Ethereum buyers are gradually regaining strength. However, whether this is a temporary bounce or the beginning of a strong, bull-market-driven rally remains to be seen."
CryptoQuant analyst Burak Kesmeci noted that two different on-chain indicators suggest Ethereum may be nearing the end of its price correction phase. CryptoQuant stated, "Current data shows that Ethereum buyers are gradually regaining strength. However, whether this is a temporary bounce or the beginning of a strong, bull-dominated rally remains to be seen."
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