Ethereum (ETH) Could be Hit by New Wave of Polarity

Ethereum network’s active deposits have reached an eight-month high. This benchmark depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest data compiled by crypto-analytic Santiment, the deposits hitting an eight-month high could potentially foreshadow volatility in Ethereum’s price. In such a case, the enhanced price movements are likely to have a similar effect on the asset.

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