In the past two years, the cryptocurrency market has seen the introduction of new assets. Bitcoin (BTC), along with Ethereum (ETH), remain the leading cryptocurrencies. ETH has lagged behind BTC in terms of growth. Investors have begun to question their investments in altcoins. The ETH market could take a different turn sooner rather than later. Can mid-May be a time of notable gains for investors?
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What is the current price of Ethereum?
Ethereum’s price has seen a slight increase today. The largest altcoin in the world has seen a rise of 1.54% over the past 24 hour. Just earlier this morning, ETH had a trading low of $1766.65 and then jumped to $1849.66. As of the writing, this asset was valued at $1,803.64.
While the majority of assets have seen gains over the last year, ETH has experienced a decline. Ethereum’s value has fallen by 41% during the past year. The altcoin could see a turnaround sooner than later. CryptoQuant analyst believes the decreasing Ethereum spot volumes could be positive. This analyst said that falling volume in this context would help to lower volatility as Ethereum is currently undergoing correction. This may reduce the pressure on the market to sell.
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Prediction for Mid-May
Ethereum’s price could rise by as soon as the next week. Data from CoinCodex indicates that the top altcoin is expected to rise 21% in the coming days. ETH’s price will reach a record high on May 15 after a rise of 15.20%. Note that on May 13 the asset’s price will be $2,203. The asset’s price has increased significantly from the current level.
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Source: watcher.guru
