Ethereum (ETH) has once again slipped below the $4,000 mark as the market plunged after Federal Reserve Chairman\u2019s unexpectedly hawkish remarks on Wednesday. As a result, ETH\u2019s Buy\/Sell Pressure Delta has turned negative, while on-chain volume also started to decline.<\/p>\n
But Alphractal believes this combination might not be as bearish as it appears.<\/p>\n
According to the latest update shared<\/a> by crypto analytics firm Alphractal, each time this metric dips below zero, one of two outcomes typically follows: either the price has already bottomed out amid temporary selling pressure, or the market slips into a prolonged downtrend when the Delta becomes deeply negative.<\/p>\n However, the firm explained that the current readings do not indicate a severe downturn similar to the one observed between February and April. Meanwhile, the drop in on-chain volume, which measures the total USD value of ETH transactions, reflects waning public interest. This is a common occurrence during \u201cdiscouraging\u201d or consolidation phases in the market.<\/p>\n These factors together indicate that Ethereum may be in a phase of quiet accumulation rather than outright decline. Alphractal points out that the combination of social disbelief and a mildly negative Buy\/Sell Pressure Delta could imply that broader market euphoria has yet to begin.<\/p>\n \u201cThe data tells a story of what\u2019s truly happening on-chain \u2013 and if you look closely, things aren\u2019t as bad for ETH as many believe.\u201d<\/p>\n Beyond on-chain data, crypto market analyst Micha\u00ebl van de Poppe pointed<\/a> out that Ethereum continues to show strength despite recent market uncertainty. He stated that ETH is firmly holding above a significant horizontal support zone, a price region that has repeatedly served as a solid base during past consolidation periods.<\/p>\n Moreover, Ethereum remains above its 20-week moving average, a widely monitored metric that reflects medium-term market health. Van de Poppe explained that this alignment between price support and moving average stability signals potential bullish momentum forming beneath the surface.<\/p>\n If ETH maintains these technical levels, he anticipates a shift toward positive weekly closes heading into November, which means that the market could be preparing<\/a> for a rebound after weeks of range-bound movement and low investor sentiment.<\/p>\n The post Ethereum\u2019s (ETH) \u2018Negative\u2019 Metric Might Actually Mean a Bottom Is Forming<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) has once again slipped below the $4,000 mark as the market plunged after Federal Reserve Chairman\u2019s unexpectedly hawkish remarks on Wednesday. As a result, ETH\u2019s Buy\/Sell Pressure Delta has turned negative, while on-chain volume also started to decline. But Alphractal believes this combination might not be as bearish as it appears. Real Euphoria […]<\/p>\n","protected":false},"author":0,"featured_media":109199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109198"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109198"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109199"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Green Weeks Incoming?<\/h2>\n