In the second half of October, miners started selling Ether (ETH) - this is an extremely alarming signal for the altcoin. A report from the Santiment team says bearish sentiment is on the rise.
The activation of miners has become one of the factors signaling a more significant drop in the price of ether very shortly.
Cryptocurrency is not in the best condition now. At the same time, Bitcoin continues to update highs, while ETH, on the contrary, rolled back below $400.
The researchers believe that the position of the altcoin will worsen, as evidenced by fears in the camp of investors using Twitter.
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In parallel, there is a fall in the capitalization of the DeFi decentralized finance market deployed on Ethereum. According to DeFiPulse.com, if on October 25, the value of digital assets "locked" in DeFi reached $ 12.5 billion, now it is only $ 11.3 billion. Analyst Udi Wertheimer predicted further depreciation of the ETH. On Twitter, he stressed that capital is being invested in bitcoin, which has an extremely negative effect on the liquidity of the altcoin market.
The exit of capital from the DeFi market is also extremely negatively reflected in the positions of the ether, which we are seeing now.
Some experts believe that traders who bet on long-term storage of this asset should take advantage of the rollback of the altcoin. You can buy in small batches. One of the analysts, Dmitry Lavrov, admits a drop in the price of ether to $350.