ETH Recent Trends: A Journey of Ups and Downs
ETH Recent Trends: A Journey of Ups and Downs
TL;DR
Ethereum has experienced a rollercoaster journey over the past 30 days—sliding from a high of $3,427 in early November to a low of $2,764 on November 22 (-19%), followed by a strong rebound of 15.4% supported by the Fusaka upgrade and institutional buying, currently seeking a balance around $3,153. On-chain data shows that 500,000 ETH has been withdrawn from exchanges (-3%), suggesting that whales are quietly accumulating, while a daily net inflow of $140 million in ETFs is building momentum for the future.
Core Trend Analysis
Price Action: A Reversal Drama of Initial Suppression Followed by Rise