Is This The Perfect Moment To Buy Ethereum? Top Analyst Weighs in

Is This The Perfect Moment To Buy Ethereum? Top Analyst Weighs in


The market has been struck by the bears, but Ethereum (ETH) has managed to maintain side movement in the 24-hour chart. Trading at $2.404,36, ETH moved towards a new all-time high before the crash. Investors looking for a good entry for a long position could benefit from the current dip.

ETH retaking bullish momentum in the daily chart. Source: ETHUSD Tradingview

Analyst Ben Lilly has been keeping a close eye on the trading pair ETH/USD. Predicting the recent bullish price action, the analyst claimed increased volatility for the pair as it moved near a low point on its gamma curve.

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Used as a metric to measure how fast the price of an asset can change in relation with each one-point increase, the gamma on this trading pair also hinted at a “more explosive” price action to the upside and further volatility towards the weekend, as Ben Lily said:

(…) back at max negative gamma, about $1.5mn per $10 moves.

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