coinedition.com
Crypto trader and NFT collector Crypto Tony took to Twitter on November 24 to share his thoughts on the Ethereum (ETH) / USD chart, and what he expects from the altcoin price in the coming days.
According to the post, Crypto Tony hopes that ETH’s rally will continue until it tests the range high at $1,350. If this fails to happen, the trader mentioned that he will short the trade. He does, however, still see potential in the ETH price while it is still above the critical $1,200 level.
Data from the crypto market tracking website CoinMarketCap indicates that ETH is currently trading at $1,202.74 after a 3.30% increase in price over the last 24 hours. The altcoin was able to reach a high of $1,211.63 and a low of $1,153.53 over the same time period.
ETH’s price is, however, still in the red by 0.10% over the last week. The 24 hour trading volume for ETH is also in the red today as it currently stands at $11,206,637,859 after a more than 8% drop over the last day.
Adding to some of the success that ETH has seen over the last day is the fact that the altcoin was able to strengthen against its biggest competitor in the market, Bitcoin (BTC) by about 2.91%.
ETH’s market cap is also in the green by over 3%. It currently stands at $11,206,637,859, which means that ETH remains the biggest altcoin in the market at the moment.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.