Comparing the market trends of Ethereum in December last year and now, the differences and correlations are clearly discernible. From December last year to January next year, the price of Ethereum dropped from $2,717 to $2,168, a correction of about 25%. At that time, the price was supported by the Ema99 moving average.
Referring to historical situations, if the current round of Ethereum trend follows last year's pattern, the low point of its price correction will most likely appear around $3,185 corresponding to the Ema99 moving average.
Investors can deeply analyze the market trend of Ethereum based on this key point, detect potential investment opportunities and risks, and more accurately control the timing of operations in the ups and downs of the cryptocurrency market.
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