Ethereum [ETH] has been facing a tough time in the market recently, with a 12.44% drop in value over the last 30 days. In comparison, Bitcoin [BTC] has only seen losses of 4.74% during the same period. The struggle to maintain key support levels has left ETH hovering around the $3k mark, much to the amusement of some observers.
Despite the bearish sentiment surrounding Ethereum, whale accumulation has been ongoing. However, a recent $30 million withdrawal from Binance does not accurately represent the overall market sentiment. Various metrics, including price action and network growth, suggest more bearish signals than bullish ones.
Crypto analyst Ali Martinez pointed out on X (formerly Twitter) that Ethereum’s network growth has been slowing down. The change in new addresses over the past week showed a decline of 9.32%, indicating reduced adoption and demand from new users. On the other hand, the 7-day active address change saw a positive swing of 7.7%, suggesting higher trading and network activity despite fewer new users.
Looking at the Coinbase Premium, which tracks the percentage difference between Ethereum prices on Coinbase and Binance, a negative premium has been observed for most of the past month. This indicates greater selling pressure and weak buying from U.S-based investors, reflecting a cautious approach to ETH.
The price action over the past two months has also been reflective of caution and selling pressure. While Bitcoin experienced a dip from $108k to $92k, Ethereum’s lower lows saw it valued just under $3.2k. The OBV and RSI indicators further confirm the prevailing bearish momentum in the market.
In order for swing traders to adopt a bullish bias, Ethereum needs to reclaim the $3.4k resistance zone. Until then, the selling pressure and cautious approach from investors are likely to continue shaping the market sentiment. If you’re curious about your portfolio’s performance, you can always check the Ethereum Profit Calculator to see if you’re in the green. In today’s fast-paced world, it can be easy to overlook the importance of taking time for ourselves. With busy schedules and constant demands from work, family, and social obligations, self-care often falls to the wayside. However, prioritizing self-care is essential for maintaining overall well-being and mental health.
Self-care is a broad term that encompasses a range of activities and practices that promote physical, emotional, and mental well-being. It can include anything from getting enough sleep and eating nutritious foods to engaging in activities that bring joy and relaxation, such as exercise, meditation, or spending time with loved ones.
One of the key benefits of self-care is stress management. When we neglect self-care, we are more likely to experience high levels of stress, which can have a negative impact on our physical and mental health. By taking time to care for ourselves, we can reduce stress levels and improve our ability to cope with the challenges of daily life.
Self-care also plays a crucial role in maintaining healthy relationships. When we are feeling overwhelmed or burnt out, it can be difficult to show up fully for our loved ones. By prioritizing self-care, we can recharge our batteries and show up as our best selves in our relationships, which can strengthen bonds and improve overall well-being.
In addition to improving mental health and relationships, self-care can also have physical benefits. Engaging in regular exercise, eating a balanced diet, and getting enough sleep are all important aspects of self-care that can help prevent chronic diseases and promote overall health and longevity.
Despite the many benefits of self-care, it can be challenging to prioritize it in our busy lives. However, making self-care a priority is essential for maintaining overall well-being and happiness. Here are some tips for incorporating self-care into your daily routine:
1. Schedule time for self-care: Just as you would schedule a meeting or appointment, schedule time for self-care activities in your calendar. This can help ensure that you prioritize self-care and make it a regular part of your routine.
2. Start small: You don’t have to overhaul your entire routine to incorporate self-care. Start by incorporating small self-care activities into your day, such as taking a short walk, reading a book, or practicing deep breathing exercises.
3. Listen to your body: Pay attention to how you are feeling physically and emotionally, and take time to address any needs that arise. If you are feeling stressed, tired, or overwhelmed, take a break and engage in a self-care activity that helps you feel better.
4. Practice self-compassion: Be kind to yourself and give yourself permission to prioritize your own well-being. Remember that self-care is not selfish, but essential for maintaining overall health and happiness.
In conclusion, self-care is an essential component of maintaining overall well-being and mental health. By prioritizing self-care and incorporating it into your daily routine, you can reduce stress, improve relationships, and promote physical health. Remember to listen to your body, practice self-compassion, and make self-care a priority in your life. Your mind, body, and spirit will thank you for it.