Is This Good News? By CoinEdition

© Reuters. ETH’s NVT Signal Has Reached 1-Month High: Is This Good News?

  • ETH is currently trading at $1,182.89 after a 0.41% drop in price.
  • The token’s NVT Signal (7d MA) has just reached a 1-month high of 1,472.933.
  • Technical indicators for are telling a very bearish story today.

Another one of the many cryptocurrencies in the red after the weekend is Ethereum (ETH). Data from the crypto market tracking website CoinMarketCap indicates that the leading altcoin is currently trading at $1,182.89 after a 0.41% drop in price over the last 24 hours. The crypto is also still in the red by more than 5% over the last week.

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