Learn more

Ether’s 13% drop below the key $3,000 level since early August may be nearing its end, as two onchain metrics suggest that the correction may be over soon. “Buyers are starting to regain strength in Ether,” verified CryptoQuant author Burak Kesmeci wrote in an Aug. 19 report. Kesmeci pointed to two popular onchain metrics, the Taker Buy Sell ratio and Open Interest (OI), claiming that Ether (ETH) may regain strength in the near term. He noted that the taker-buy ratio is “positive again,” which calculates the ratio of buyers to sellers of Ether across all major cryptocurrency exchanges. Accordi…

cuu