The popular platform Santiment, which provides data on the cryptocurrency market, gave new information about Ethereum (ETH). According to the platform, while some traders are losing in the crypto market, the leading altcoin ETH has entered the “opportunity zone”. Cryptocoin. com we share the details…
Leading altcoin Ethereum, “in the zone of opportunity”!
While some traders in the crypto money market benefited from the depreciation in the crypto money market, the traders who did not take any position; assets can enter the market when they are in the opportunity zone. It is worth noting that many altcoins in the crypto money market are at risk of sudden decline. However, Santiment concludes with its data that some coins are in the “historically low-risk buy zone.” However, it should be noted that these data do not provide any certainty.
Santiment thinks that compared to when assets are at their peak, Ethereum can provide more favorable conditions for entry. According to data provided by the platform’s indicator, for the first time in almost two months, Ethereum has entered the “discount zone”, which means it may be less risky to enter the market now. In a recent tweet, Santiment points out that Ethereum has experienced a roughly 15 percent price drop since hitting an all-time high of $4,878 last week. The platform shared a chart showing that trader returns on Ethereum have bottomed out by entering negative territory, which has historically been a low-risk buying opportunity. Ethereum is changing hands at $4,241, up 2.1 percent at the time of writing.