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Ethereum, Shiba Inu, VeChain Price Analysis: 18 November
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After a bullish rally in October and early November, last week saw a significant correction for most cryptos.
Ethereum and Vechain registered double-digit losses over the past week. On the other hand, Shiba Inu has been on a steady downtrend for the past three weeks. Accordingly, near-term technicals for all the aforestated cryptos undeniably reflect a bearish bias.
Ethereum (ETH)
Source: TradingView, ETH/USDT
Ether heightened in a slope between two parallel channels over the past seven weeks. The largest altcoin performed well after registering a 61% ROI from 22 September to 10 November. Accordingly, it touched its ATH on 10 November at $4,868. After which, the price action withdrew as the bears breached the lower channel.
Since 10 November,
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