As Bitcoin hit the $54,000-mark, the market slumped by marking over a 5% decline in the last 24 hours. Consequently, Ethereum and Shiba Inu correlated the bearish tendencies by marking a steady downfall in November.
On the other hand, BAT continued its uptrend and saw a 21.8% gain over the past day.
Ethereum (ETH)
Source: TradingView, ETH/USDT
Bitcoin retraced after striking its ATH on 10 November. Likewise, ETH suspended its upswing rally from that day. The largest alt registered over 61% ROI (from 22 September) to touch its ATH on 10 November at $4,868.
Then, as the bulls slowed down, bears took over by triggering an over 18% decline (from 10 November). As a result, the price action withdrew by marking a bearish pennant pattern (yellow) and
Read more on ambcrypto.com