$ETH

Over the past 24 hours, Ethereum (ETH) price has dropped by 3.45%, following the bearish trend prevailing in the cryptocurrency market. The cryptocurrency heatmap shows widespread declines, with Bitcoin (BTC), Avalanche (AVAX), and Cardano (ADA) among the losers.

Analysts said the decline was due to profit-taking following the recent market rally and overall pressure on investor sentiment.

Despite the bearish trend, Ethereum remains the leading cryptocurrency in market activity with a market dominance of 12.78%. This is a pullback from the rally seen earlier in November, when it reached a high of $3,462.

For now, the uptrend is seen as a temporary uncertainty as traders consolidate profits, while Ethereum still has strong long-term fundamentals