The price of Ether has grown from $ 124 to $ 141 (by 13% against the US dollar) in the last 24 hours, – as reported by ccn.com
Analysts, in turn, predict short-term recovery for the cryptocurrency that is now showing momentum.
The optimistic rise in prices of such major cryptocurrencies as Ethereum, EOS, Bitcoin Cash and Binance Coin was noticed when the indicators of the cryptocurrency market were far from positive.
Interesting in the section: Ethereum – one of the most authoritative cryptocurrencies
Bitcoin and other cryptocurrencies have recently demonstrated similar patterns. Bitcoin is now fixed at a stable level. In the future, a slight drop is predicted. In any case, such statistics do not guarantee future performance.
Interesting in the section: What you need to consider for a correct evaluation of cost of cryptocurrency
The beginning of February was marked by a period of stability on the cryptomarket. Low market volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details caused a drop in its valuation. Most traders expected to maintain this trend. The rapid Ether price rise restored the cryptocurrency market.
Revitalization of digital assets is possible when the main cryptocurrencies show positive indicators and go beyond the limits of long-term trend lines.
Editor: Yuliya Soroka