Ethereum has lost nearly 60% of its value since its peak back in May. However, the scale of the reversal in the value of the second-largest cryptocurrency has definitely invited more interest and support from crypto-holders in the market. ETH recently lost its support at $2,000 and dropped to $1,844, before recovering somewhat. To the market’s traders, however, this was a good entry point, with the subsequent buying pressure pushing the alt’s value to its press time value of $1,959.
Buy low, sell high.
We all know the basics of trade, but it gets difficult sometimes to estimate the low in the volatile crypto-market. However, the movement from whales generally offers some idea about where we are in the buy and sell curve. For instance, according to the latest data provided by Santiment, ETH’s falling price has lured many giant traders to fill their bags.