交易王

09/06 09:30

A hike in ETH accumulation

A hike in ETH accumulation

Finally, the Accumulation/Distribution (A/D) indicator highlighted a bullish market trend.

On the 1-day chart, the indicator was in positive territory, with the total accumulation climbing to 2.23 million ETH. This hinted at more buyers than sellers in the market.

Similarly, the 100-day Simple Moving Average (SMA) has stayed above the 200-day SMA on the same chart – A sign of strong mid-term momentum.

However, full confirmation of a bullish trend would likely come once the 20-day and 50-day SMAs cross above the 100-day SMA. At the time of writing, both shorter SMAs were above the 200-day SMA.

To put it simply, the market trend seemed to be leaning towards the bulls. And, Ethereum [ETH] may continue to rally in the days ahead.

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