Ethereum Hodlers – VERY BULLISH On-Chain Cryptocurrency Metrics in May 2021!! [BE READY]
In this video, we’re taking a look at some very bullish on-chain cryptocurrency metrics in May 2021. Ethereum Hodlers are ready and they are feeling optimistic.
The first metric we’ll look at is the number of active Ethereum addresses. This metric shows that the number of active Ethereum addresses has been steadily increasing since April 2021. This is a sign of increased interest in Ethereum and it’s a bullish indicator for the cryptocurrency.
The next metric we’ll look at is the amount of Ether held by smart contracts. This metric shows that the amount of Ether held by smart contracts has been steadily increasing since April 2021 as well. This is another bullish indicator for Ethereum as it shows that more people are holding onto their Ether for the long-term.
Finally, we’ll look at the amount of Ether held by exchanges. This metric shows that the amount of Ether held by exchanges is decreasing. This is a bullish indicator for Ethereum, as it shows that more people are taking their Ether off the exchanges and holding onto it for the long-term.
Overall, these metrics show that Ethereum Hodlers are feeling bullish about the future of Ethereum in May 2021. They are ready and they are feeling optimistic about the future of the cryptocurrency.