On this morning, a cryptocurrency trader posted on Twitter his predictions for what the price of Ethereum (ETH), the most significant altcoin by market size, might do over the next several days. Based on the posting, the dealer thinks that ETH’s drop is nearing its end and that the altcoin has temporarily hit its weekly low.
Because of this, the dealer thinks that ETH will continue to increase in value from where it is now. Looking at the group’s consensus on this prediction, it appears that few people share the merchants’ view of ETH at the moment.
One commenter pointed out a Tweet published this morning by the whale monitoring website WhaleStats. According to this Tweet from WhaleStats, 21,375 ETH, worth about $37,527,485, were transferred from an unidentified pocket to Coinbase. This might be a sign that whales are about to advertise their ETH.
ETH is currently trading hands at $1,801.36 after seeing a 1.26% increase in value over the previous 24 hours. Over the same time period, ETH was also able to reach a high of $1,843.84 and a low of $1,744.86.
The altcoin‘s weekly performance still seems to be favorable given that ETH has increased by more than 11% during the last seven days. The 24-hour trading volume for the alternative currency is currently in the negative territory and is at $10,888,889,030, up more than 23% from yesterday. The market capitalization of ETH is $220,637,972,002.