While Ethereum exhibited a massive drop below $500 on the 26th of November, a sharp recovery has brought back the asset above $600. While the price is currently hovering under the range, the short-term analysis indicated a rather uncertain trend. On 24th November, Ethereum’s value topped at $623 but yesterday on 1st December, it attained a new high at $637. While the valuation has dropped by over $30 in the last 16 hours, the asset currently exhibits a symmetrical triangle formation. A symmetrical triangle may break either way on the short-term chart, but the 50-Moving Average continued to thrust underlying support. ... (full story)