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Ethereum, Shiba Inu, MATIC Price Analysis: 28 November
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While the market continues its dynamic trajectory, top altcoins like Ethereum and Shiba Inu touch their one-month low on 26 November.
Near-term technical indicators for the above cryptos and MATIC reaffirm a bearish bias that correlates with the overall market inclination.
TradingView, ETH/USDT
Correlating with Bitcoin’s retracement, ETH ceased its upswing rally after striking its ATH on 10 November. The largest altcoin registered over 61% ROI (from 22 September) to touch its ATH at $4,868.
Then, as the bulls failed to counter the selling pressure, bears triggered an over 19% decline (from 10 November) to touch its one-month low on 26 November.
As a result, the price action withdrew by marking a symmetrical triangle (yellow) after breaching
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