Ethereum Price Analysis – On-chain metrics continue to sag despite strongly bullish technicals

Ethereum Price Analysis – On-chain metrics continue to sag despite strongly bullish technicals ” Brave New Coin

Technicals for the ETH/USD pair are trending bullish based on a number of metrics such as the Ichimoku cloud and the exponential moving average. On-chain fundamentals such as daily active addresses, hashrate, and transactions per day, however, have continually declined over the last 6 months.