Delphi Labs shifts research focus to a new crypto ecosystem, and it’s not Ethereum By Cointelegraph

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Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge.

While (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting setups in a few altcoins.

LTC/USDT 1-day chart. Source: TradingView
1-day chart. Source: TradingView
ETH/BTC weekly chart. Source: TradingView
ETH/BTC weekly chart. Source: TradingView
ETH address balances. Source: glassnode
ETH MVRV Z-Score. Source: glassnode