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The Coin Research Center issued its fourth report. The theme of this report is ‘August situation check: easing the burden of valuation of ETH’.
According to this, Indium is likely to have pointed out a decline in negative fund flows regardless of fundamentals. The cigarette market was down 26% in August and trading value fell 13%. The report concludes that the valuation burden on Etherium has eased accordingly. The key indicators are all down to -1 standard deviation.
In addition, it is interesting that the Etherium sales of the ICO project, which had an impact on the price adjustment, are limited in relation to the fundamentals of Etherium.
The biggest feature of the August market weakness is that Etherium did not show meaningful price defense. The sudden drop in prices seems to have occurred as many ICO projects with Etherium have been selling out Etherium, but the report suggests that this could be due to excessive price declines simply due to the flow of funds without any change in fundamentals of the Etherium itself . The Coin Research Center is providing analysis reports, market conditions, and key news on cryptography. The report can be found here .
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