Ethereum showed high price volatility (±10%) on May 15th, 2021. Please check the following on-chain and technical indicators.
- The price of Ethereum (ETH) fell -10.8% day-to-day, and all on-chain data also showed decreases, corresponding to the price volatility.
- Following the -10.8% drop on May 15th, 2021, the price of Ethereum continued to fall. This is part of a larger adjustment to the cryptocurrency market following Elon Musk's tweet that signaled Tesla had sold all of its Bitcoin (BTC).
- Although the price and corresponding on-chain data of Ethereum at this time (2021-05-17 at 7:00 am UTC) somewhat recovered following Elon Musk's clarification tweet that Telsa had not sold its Bitcoin, investors should exhibit caution in the coming days as the market expects to remain highly volatile.
- Price volatility (2021-05-15 UTC 24:00) -10.8%d-d
- On-chain transaction count (2021-05-15 UTC 24:00): -3.3%d-d
- On-chain transaction volume (2021-05-15 UTC 24:00): -29.3%d-d
- Network Freshness* (2021-05-15 UTC 24:00): 26.2% (-2.4%p d-d)
- New Address (2021-05-15 UTC 24:00): -11.6%d-d
- Active Address (2021-5-15 UTC 24:00): -3.6%d-d
*Note: Network Freshness=New address/Active address
