After a choppy price action, is there hope for Ethereum on the road ahead
After outperforming Bitcoin and most assets in November, Ethereum seems to have taken the southbound road. The top altcoin even after the recent selloffs maintained above the crucial $3955 level. However, it lost over 10% in the last four days as Ethereum traded at $3,780.60 at the time of writing.
While the larger market didn’t anticipate Ethereum’s fall under the $3800 level after the alt’s price rose 7.5% in November to $4,631, reaching a market capitalization of $549 billion at the end of the month. So, could this be ETH’s fall from grace or just a dip-buying opportunity?
Over the last month, 50-day and 200-day moving averages closed the month 19.7% and 7.4% higher than the previous month, at $4,268 and $3,153 respectively. While average
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