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Ethereum (ETH) Sentiment Gains Momentum while Network Valuation Falls, Supporting “BUY” Trading Signal

Jun 20, 2019

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

 

  • Sentiment in Ethereum (ETH) appears to be growing more positive compared to the last month of data with the crypto observing positive daily sentiment in 6 of the last 8 trading days on both an article and social sentiment basis.  
     
  • Daily trading volume in ETH remained depressed this week and neared a 1-month low in trading on Tuesday.  
     
  • ETH’s network value to transaction ration (NVT Ratio) fell to its lowest level in nearly 2 weeks and currently sits at roughly 39x.  
     
  • Momentum in ETH sentiment paired with a short-term discount in the decentralized application network’s valuation supports the “BUY” signal issued by the Quantamize 3-Day Crypto Trading Signals for ETH.  
     

 

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

 

ethereum-nvt-data

 

 

 

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