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One of the leading analysts, Mikael van de Poppe, said that the cryptocurrency market lacks a bit of volatility. According to him, this is necessary for successful trading. In addition, he spoke about important price levels for the ether (ETH) cryptocurrency.
The founder and CEO of Eight, as well as a trader, revealed that Ethereum was trading on the chart at a cost of $1208.29. According to him, there are two scenarios for the development of events. The expert assured that, given the range in which the cost of ether was, he put up a sell order, as well as a stop loss.
According to the expert, the target mark is $1268.45. However, if the quotes of the second cryptocurrency in terms of market capitalization begin to fall, then it will automatically sell at $ 1148.46.
According to van de Poppe, the expert is waiting for a positive scenario for the ETH rate. The expert is sure that in any case, the mark around $1,270 will be tested on the chart before the downward movement begins. The analyst also assured that there is a high probability of a positive outcome. The fact is that very good signals were retreating from traditional markets. However, they did not demonstrate any continuation as the indexes were still quite weak (e.g. DXY).
As of 13:40 Moscow time on December 21, 2022, the value of the virtual currency Ethereum (ETH) was at $1,216, and the market capitalization of the digital asset was $148.86 billion. The quotes of the coin increased by 0.6% over the past day, but in total they lost 8.04% over the week.
Traders secured transactions with cryptocurrency worth $5.35 billion over the past 24 hours. This indicator decreased by 16% per day.
The flagship cryptocurrency bitcoin (BTC) also rose slightly in price. It was trading at $16,877, which is 0.45% higher than the same values of yesterday.
