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Positive Sentiment Supports Ethereum (ETH) as a Buy Despite Expensive Network Valuation

Jun 10, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

  • Ethereum’s (ETH) overall sentiment on an article and social basis has improved over the last month, although it is worth noting depressed article counts relative to earlier in the month. Although ETH is being discussed in a more positive light, the amount is being discussed is far less than a few weeks earlier. This is further supported by ETH Google Trends searches hitting a 1-month low over the weekend.
      
  • Looks like ETH daily trading volume is stuck in a significant downtrend after peaking on May 16th. Lower overall volumes could give way to exaggerated price moves, either in the upwards or downwards direction.  
    • Lower daily volumes appear to have resulted in less transaction activity on the ETH network, leading the coin to trade a 1-month high valuation on a network value to transaction ratio (NVT Ratio) basis. Still, the Quantamize 3-Day Crypto Trading Signals rate ETH a “BUY”.  
       

Ethereum (ETH) Volume - Last 30 Days

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Average Ethereum (ETH) Article Sentiment - Last 30 Days

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Ethereum (ETH) Article Count - Last 30 Days

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We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall Ethereum (ETH) Social Sentiment - Last 30 Days

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Ethereum (ETH) Google Trends - Last 30 Days

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Ethereum (ETH) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

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Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS