Today, December 13, 2024, Ethereum ($ETH ) continues to maintain its bullish momentum as it trades at around $3,933.96, with a slight increase of 0.2% in the last 24 hours. However, if we look at the price action over the past week, we find that Ethereum has seen significant volatility. It recorded its highest price on December 9 at $4,015.78, and then declined to $3,626.59 on December 11, reflecting the market instability during this period.
On the technical side, Ethereum’s overall trend is still in an uptrend with strong buying signals emerging from the moving averages, but there are some warnings from the Relative Strength Index (RSI) that suggest the coin is approaching overbought areas, which could signal an imminent correction. These fluctuations make for an interesting but challenging market, opening the door to opportunities for those who watch with caution.
Do you follow Ethereum closely? What is your strategy for dealing with these volatility?
