3 key on-chain metrics suggest Ethereum price is in a 2017-style bull run

3 key on-chain metrics suggest Ethereum price is in a 2017-style bull run


Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400. 

Fast forward to 2020, and some investors believe a similar outcome may occur as a few key on-chain and technical indicators are mirroring the levels seen in the previous bull run.

On Dec. 10 Ether price was $450, and it took only 34 days for Ether to reach its all-time high. Before this price explosion, the altcoin traded sideways for over two weeks. If something similar were to happen, on-chain metrics and historical data suggest it could happen over the next ten days.

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Ether in Dec 2017 (left) vs Nov 2020 (right). Source: TradingView

Take notice of how the recent price movements raised investors’ hope that the next crypto-bull market will mirror the one seen in late-2017. Although the price is an

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