As the second-largest cryptocurrency by market capitalization struggles with a confirmed technical downtrend, growing bearish sentiment, and a series of headline-grabbing sales by co-founder Vitalik Buterin, Ethereum ETH/USD is currently trading between $1,800 and $1,842, down about 1.22% over the last day. However, beyond the surface, advanced on-chain data reveals a more nuanced picture that might be more significant in the coming 12 months than in the coming 12 days. {chart} There is little doubt that the technical picture is negative. With ETH currently trading below its 30-day average ($1,893), 200-day average ... (full story)