Ethereum Price Stuck In Downtrend Despite Strong Spot Demand

The Ethereum price resumed its downtrend on Friday, May 22, after consolidating throughout the week. As a result of this distribution round, the second-largest cryptocurrency dropped by approximately 6.2%, forming a local bottom at $2,020.  Although Ethereum has an ostensibly bearish structure, a recent on-chain analysis has revealed notable buying activity in its market. Yet, […]