One of the most depressing charts $ETH
The price rolled back to a drop on August 5 (at that time the price fell from $3300 to $2000 over the week). The drop was bought back, but for several months the price of the second largest cryptocurrency lingered in the range from 2200 to 2750, occasionally approaching the local low, and only began to rise in the first days of November — when the entire market showed growth.
The difference from the previous drop is that this time the recovery did happen and the price stood at the upper boundary for 2.5 weeks, but ultimately went to the very lower boundary — that is, to its annual (!) low and is in no hurry to recover.
Price drop over the week – 21%
Over the month – 33.6%
From its maximum for the year, Ether has lost 50% and, unlike $BTC and $SOL , did not reach its ATH.
In a word, to say that the numbers are sad is to say nothing. The project shows clear weakness, so I fully admit a drop to $1900 or even lower.