rETH2(reth2)market reviews and price predictions
rETH2 market statement for 2023-01-18
Yesterday the price of reth2 stood at $1 541. The market capitalization of the asset was $6 968 314. rETH2’s volatility was established at 2.72%. The trading volume of the coin reached $3 267.
rETH2 prognosis for the next days:
We estimate the price of rETH2 to be $1 475 tomorrow 2023-01-27 and $1 393 on 2023-02-02;
We estimate the market capitalization of rETH2 to reach $6 284 808 tomorrow 2023-01-27 and $6 629 128 on 2023-01-29;
We estimate the volatility of rETH2 to become 3.81% tomorrow 2023-01-27 and 2.88% on 2023-01-29;
We estimate the trading volume of rETH2 to amount to $76 416 tomorrow 2023-01-27 and $34 328 on 2023-01-29.
Our recommendation for the pair RETH2/USD for tomorrow, 2023-01-27, to sell.
Reservedly bullish : the price of rETH2 grew by 9% in the period of January 12 - January 18.
The analysis of last week’s price action shows that the rETH2 market is in the bullish phase since the price has been moving upward. The volatility associated with the RETH2 market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Market analysis January 10 - January 16 : rETH2 posts a 17% rally.
The price of rETH2 was rising last from January 10 until January 16, giving enough reason to conclude that the market is bullish. The volatility associated with the RETH2 market was medium, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The price action of the crypto coin from last week stemmed from the increasing trading volume.
January 9 - January 15 market watch: rETH2 goes up by 15% as buying pressure persists.
The upward movement of the rETH2 price last week indicates the chosen market is bullish. The volatility associated with the RETH2 market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
rETH2 exploded by 21% in the period of January 8 - January 14 as the buyers got an upper hand.
The price of rETH2 was rising last from January 8 until January 14, giving enough reason to conclude that the market is bullish. The situation on the RETH2 market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The bulls muster more strength as rETH2 rises by 13% from January 6 to January 12.
rETH2 has been bullish last week as its price has been predominantly rising. RETH2 has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Buyers kept pushing the rETH2 market to the upside between December 31 and January 6 as the price increased by 6%.
The price of rETH2 was rising last from December 31 until January 6, giving enough reason to conclude that the market is. The situation on the RETH2 market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the growth of market capitalization. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The torpid rETH2 had its price rise only by 4% last week (December 30 - January 5).
Between December 30 - January 5, rETH2 has been mostly as its price has been in the rising mode. The volatility associated with the RETH2 market was low, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
rETH2 market stayed flat from December 28 - January 3.
rETH2 portrayed neutral behavior last week, with no changes in the price. The price swings of RETH2 pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.
December 26 - January 1 market wrap: rETH2 had a slight 1% drop.
The analysis of last week’s price action shows that the rETH2 market is in the phase since the price has been moving downward. The volatility associated with the RETH2 market was low, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
Slightly bearish : traders witnessed rETH2 moving down 1% from December 25 till December 31.
Between December 25 - December 31, rETH2 has been mostly as its price has been in the falling mode. The volatility of RETH2 has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.