Potential Altcoin Rally if ETH Continues Showing Strength, Says Trader
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Potential Altcoin Rally if ETH Continues Showing Strength, Says Trader

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1 year ago

An intra-day trader recently shared on Twitter that the altcoin market may be heavily undervalued. Read more on CE.

Potential Altcoin Rally if ETH Continues Showing Strength, Says Trader
  • An intra-day trader shared that ETH continues to lead the way in the altcoin market.
  • According to the trader, some altcoins may be undervalued if ETH’s latest move is not a fakeout.
  • ETH’s price dropped 0.20% over the last 24 hours and is currently trading at $2,096.34.
An intra-day trader who goes by the name Skew Δ (@52kskew) tweeted yesterday that Ethereum (ETH) continues to lead the altcoin market in terms of performance, given its positive price movement over the last few weeks. The trader added that a continued rise in ETH’s price over the coming days may open up an opportunity for other altcoins’ prices to rise as well.

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