The cryptocurrency market has been undergoing a period of intense volatility in recent weeks, and Ethereum (ETH) is no exception. Over the past few days, ETH has seen its price fluctuate wildly as investors attempt to make sense of the current crypto climate. However, one analyst believes that this volatility could soon come to an end with a massive surge in ETH prices potentially on the horizon.
According to data from TradingView and CoinMarketCap, Ethereum’s 24-hour trading volume recently dropped below $1 billion for only the second time since September 2019 — indicating that investor interest may be waning. This lack of activity appears to have caused ETH’s daily price swings to reach extreme lows; at present levels it would take just over 8% movement for its value either up or down before reaching historical highs or lows respectively.
In light of these developments some analysts are speculating that we could soon see a major surge in Ether prices as traders begin buying back into what they perceive as an undervalued asset class — especially given how low those daily swings now appear relative historical norms . As such many experts believe we may be witnessing signs that point towards imminent growth within this sector – making now an opportune time for investors looking capitalize on any potential upside while minimizing their risk exposure through diversification strategies across multiple digital assets classes
It remains unclear exactly when such gains will materialize but if history is anything indication then it would seem likely that we are approaching yet another bull run within this industry – one which could ultimately prove incredibly lucrative if timed correctly by savvy crypto enthusiasts