The price of Ethereum did not exceed the $4,100 zone during its fourth-quarter rally and has been declining over the past five months along with a market-wide correction. This prolonged downward wave has caused ETH to plummet more than 43% annually, revisiting the $1,400 zone in its recent swing low.
At current prices, ETH has dropped more than 55% since December of last year, making it seem undervalued and depressed. Investors have recently jumped in for discounted ETH, pushing the asset's price up more than 25% since its recent drop.
