Surprising Levels From This Altcoin: Will The Rising Continue?

Most of the top 10 cryptocurrencies are trading in the green today. The same goes for the largest altcoin by market cap. Ethereum (ETH) also applies.

According to CoinMarketCap, ETH is currently worth around $1,710.36 after a 3.45% price increase over the past 24 hours. ETH managed to hit a high of $1,726.62 and a low of $1,644.54 in the same time frame.

Ethereum

As ETH has been green for more than 20% in the last seven days altcoin‘s weekly performance is also on the rise. The altcoin’s 24-hour trading volume is currently in the red zone. It is currently at $9,849,552,804 after a drop of more than 20% since yesterday. In terms of market cap, ETH stands at $209,313,510,016.

centimentHe shared some of his observations on the recent behavior of ETH holders on Twitter on March 16. shared. According to data from Santiment, addresses holding 10-10k ETH have collectively added more than 3 million coins over the past year.

On the other hand, addresses with 10 thousand-10 million ETH trashed more than 9 million ETH in the same period. Another crypto- The analyst also decided to share his observations about ETH on Twitter yesterday.

According to the analyst, the most important supply barrier for ETH lies between $1,720 and $2,150. He added that if the bulls can break above these critical levels, there is fundamentally no major resistance that could prevent ETH price from rising further.


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