Ethereum bulls must hold $2K: Volatility metric hints at ‘strong’ move next
A sharp drop in Ether’s realized volatility could result in significant ETH price moves if history repeats, making $2,000 a key support level to keep an eye on.
Ether (ETH) price is down 6% over the last seven days to trade at $2,040 on Tuesday. Declining price volatility is also suggesting that a deeper correction could be in store.
Key takeaways
Ether’s realized volatility on Binance has dropped sharply to its lowest level since mid-January.