IITMIND: EdTech, Finance and Crypto currencies



On the 19th of April, ETH encountered an outflow exceeding 145,800, marking one of the largest outflows recently. Despite an overall increase, a detailed analysis of the chart suggests that the progression has been nearly stagnant, indicating a lack of significant influx in recent times.

Based on the trajectory of the staking chart, it’s evident that most of the withdrawn ETH is not being staked. It commenced the week near $3,100 but faced several days of declined after that. 

This sentiment was particularly strong given the recent Bitcoin halving, fostering beliefs that a rally may commence. Its Relative Strength Index (RSI) indicated that it dipped below the neutral line on the 11th of April.

As of now, at the time of writing this article, ETH is trading around $3,190 and is up by 0.93% over the past 24 hours and has a market capitalization of $383 Billion.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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