New data from the market intelligence platform indicate that ETHEREUM (ETH) may be on the threshold of collapse.
In a new strategic session, the Experience Experiences Company He says One of the scale that is historically preceded by the recovery up to the top of Altcoin is the clouds of ascension.
According to Santiment, ETHEREUM operating fees are currently low, which tends to precede a price recovery in the second largest digital asset depending on the maximum market.
“From the perspective of trading, the historically low fees such as this will do price highlands, which makes purchase at these levels generally less risk than usual.
In general, the levels of less than one dollar are a large sign of that the crowd has become unintended. Just remember that there is no guaranteed level “bottom” or “higher” every time the fees are costly or higher than a certain level. “
The Santiment scheme explains that the last ETH fee the last time you approached this price in October 2023, where ETH rose immediately after that, as it moved from the price of about $ 1,600 to more than $ 4000 in March 2024. However, as soon as ETH trading fee reached its peak by more than $ 15 after it rose at that time, its price began to prove again.
Santiment continues to note that retail traders are removed the largest smart contract platform, according to Volume, which is another sign of height.
“In general, Ethereum has been greatly removed by the crowd. Many traders have given it the status of MIM as she enjoyed the highest other caps (such as XRP and Cardano) a great escape over the past year.
But remember that the greater the number of retail community from the original (especially with the first with a prosperous development), the greater the possibility of a surprise recovery in the end with a little resistance. “
ETHEREUM is traded at $ 1572 at the time of writing this report, by 1.2 % a day. At the beginning of the year, it reached $ 3,348.
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