Famous crypto analyst Mohit Sorout stated that low volatility in Ethereum (ETH) price is a harbinger of the upcoming spike.
Mohit Sorout is a recent social media in your post He predicted the future price action of Ethereum. Especially the Ethereum price in recent days. pointing to the horizontal course The analyst said that this is a power-up phase He suggested that there may be a sudden increase in the future.
Citing a graphic he shared on January 2 in his post, Sorout said, After the volatility dropped so much in the past, usually signaled the arrival of a sudden upward move. In Ethereum, both in the first week of January and in previous low volatility periods, in parallel with the market conditions, Strong rises were observed.
Expressing that a rise in Ethereum will also positively affect the altcoin market, Sorout recently There is a bull signal specific to Bitcoin (BTC) had claimed.
CoinGecko data in the last 24 hours ETH rising 0.7%at the time of writing at $1,707 is being traded.
