The largest altcoin by market cap, Ethereum (ETH), has earned itself a spot on CoinMarketCap’s trending list after its successful performance over the past few days. At the moment, ETH is trading hands at $1,808.42 after a 5.01% increase in price over the last 24 hours.
Ethereum / Tether US 1D (Source: TradingView)
ETH was also able to reach a high of $1,818.20 and a low of $1,707.95 over the same time period. In addition to this. ETH was able to strengthen against its biggest competitor, Bitcoin (BTC) by about 0.46% over the last day.
Looking at the longer time frames, it is evident that things have been going well for the altcoin as ETH is up by more than 26% over the last week and in the green by more than 7% over the past month. The crypto’s 24 hour trading volume is also in the green zone and now stands at $12,432,080,508 after a 20.95% increase since yesterday. In terms of market cap, ETH stands at $221,712,670,164.
The well known crypto trader, entrepreneur and analyst, Michael van de Poppe, took to Twitter earlier today to share his own insights about ETH, and what the price of the altcoin could do in the coming days. According to the post, van de Poppe believes that ETH’s resistance lies at $1,850.
Ethereum / Tether US 4h (Source: TradingView)
The analyst then continued by stating that ETH will likely pull back to between $1,680 and $1,725. After this, the price of ETH could sweep to as high as $2,000, according to van de Poppe.
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Source: Cryptocurrency - investing.com
