Completing his second upgrade, the Shanghai upgrade, on April 12 Ethereum It was over $2,000.
However, after the declines, it could not rise above this level again. ETH It stands at $1,900.
As investors wait for over $2,000 in ETH again centiment’Volatility warning came for ETH from ten.
Investors actively ETH Stating that they invested, Santiment said that Ethereum’s active deposits reached the highest level in 8 months.
Santiment pointed out that this level means volatility for ETH. Merge upgrade and FTXHe also stated that it happened during the collapse of .
“Ethereum’s active deposits just hit an 8-month high.
While investigating the most likely cause, we can now say that this will herald the upcoming increased ETH volatility, similar to the result of the spikes during the collapse of Merge and FTX.”
Accordingly, Santiment believes that this increase in ETH active deposits will soon signal the increased volatility of the Ethereum price.
He added that this could be similar to the impact of the Merge upgrade and the collapse of FTX in early November 2022 on the price of ETH.
😮 #Ethereum‘s active deposits just hit an 8-month high. As we research the most likely cause, we can currently state that this likely will foreshadow upcoming increased $ETH volatility, similar to the result of spikes during the #merge & #FTX collapse. https://t.co/aBeHQudM52 pic.twitter.com/oHeypfUPvJ
— Santiment (@santimentfeed) May 5, 2023
*Not investment advice.
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