Peter Brandt published a tweet in which he wrote that Ethereum growth occurred on the background of low volume, respectively, it was not aggressive purchases by investors interested in altcoin. And from this point of view, the growth seems doubtful to him.
The experienced trader stressed that the last surge up occurred on extremely low volume, which suggests that Saturday’s rally came as a surprise to many.
As part of that surge, the second-largest cryptocurrency managed to rise above the $1400 level. Following a slight decline in the bitcoin price, the price of ETH fell back to $1,350.