News-flow is driving bearish sentiment with recent government crackdowns. The chart below shows a sharp decline in Ethereum transaction velocity (red) vs. ETH price (blue). I typically use these as contrarian indicators, especially after sellers confirmed bearish fundamentals with force. To bypass noise, we will operate within chart parameters to confirm high probability entry/exits based on price action.
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It's now 3 AM in New York and I'm tracking crypto. Never a dull moment.