Crypto Analyst Believes ETH Is Ready To Make a Move Up
A crypto trader shared a post on Twitter earlier this morning to share his thoughts on what the price of the largest altcoin by market cap, Ethereum (ETH), might do in the coming days. According to the post, the trader believes that ETH’s correction is coming to a close, and the altcoin has reached its weekly low for now.
Ethereum/US Dollar 1h (Source: Twitter)
This being the case, the trader believes that the price of ETH will only go up from its current position. When looking at the community’s thoughts on this prediction, it seems like not many people agree with the traders opinion on ETH at the moment.
One commenter specifically pointed out a Tweet made by the whale tracking website, WhaleStats, this morning. In this Tweet, WhaleStats announced that 21,375 ETH, worth about $37,527,485, was transferred from an unknown wallet to Coinbase. This could imply that whales are getting ready to sell their ETH.
ETH is currently trading hands at $1,801.36 after a 1.26% increase in price over the last 24 hours. ETH was also able to reach a high of $1,843.84 and a low of $1,744.86 over the same time period.
Ethereum/Tether US 1D (Source: TradingView)
The altcoin’s weekly performance still looks good as ETH is up by more than 11% over the last seven days. The altcoin’s 24-hour trading volume is in the green zone at the moment, and now stands at $10,888,889,030 after a more than 23% increase since yesterday. In terms of market cap, ETH stands at $220,637,972,002.
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