Good morning and welcome to another episode of my crypto currency analysis.
Today, Ethereum has been doing the two points bounce type of trade.
It has remained between $580 to $600 for days, just like what's happening in the price of BTC.
What a funny week.
As I've stated in my title, let's get started.
The price of ETH began to see some better highs from September but from October was outstanding, even though it dropped on 23rd October.
See image below.
From that very drop, Ethereum price kickedoff from $320 to what we have today.
On that 23rd of October, the total amount of Ethereum in USDT sold was about $6.8 million and the highest price for that day was $344.8.
The bears paved way for the bulls, getting the price up to about $608.8 on 23rd of November.
Looking at the price mathematically, you'll discover that it multiplied by about 1.9 in a month interval.
See image below
On 23rd of November, the total amount of Ethereum sold in USDT was about $24.6 million and the highest price for that day was about $320.
See image below
After that good prices of Ethereum, a day came where everyone panicked about the health of cryptos. That was just 4 days after 27th November.
See image below
Ethereum dropped significantly to about $518, loosing almost $100 in less than 48 hours.
The total amount of Ethereum sold in USDT was about $10.7 million and the highest price for that day was about $530.
This shackled the bulls for few days but the shackle later got broken, giving us the best price of Ethereum this year.
Ethereum then went up again to about $616 on 30th November. This has been the highest height in the price of Ethereum.
On that day, the total amount of Ethereum sold in USDT was about $36.4 million.
See image below
Today, we've faced the little fate that Ethereum will move up above $600 as some experts fear for their funds.
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Remember, crypto currency market is a risk full field. Trade at your own risk.
Trade responsibly, just like football betting. Winks
That's all for now.
Feel free to drop a comment below.
Have a great day.
Credit to poloniex.com
