Alert Ethereum Traders! ETH Price To Extend Bearish Trend

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Santiment, an on-chain platform alerts traders, warning Ethereum (ETH) may be facing an increase in bearish momentum.

As per the reports, Ethereum is tightly following the price action of the S&P 500 amid a bleak macro environment.

According to Santiment’s chart, the S&P needs to stay above 4,100 points for ETH to have a shot at a bullish continuation.

By Analysing Ethereum’s Network growth, the firm says the on-chain metric is flashing a red flag.