Analysis Of Ethereum Price During January Correction

Analysis Of Ethereum Price During January Correction

After a deep slump the crypto market was somewhat corrected on Wednesday, but over the last ten days its overall capitalization fell by 31% of its all-time high. Similarly, Ethereum, the cryptocurrency with the second-highest capitalization, fell by nearly 40%. Some are already grabbing themselves by the head and screaming that the bubble has burst. But is that really the case? Finom’s Chief Strategy Officer, Dmitry Gollandtsev, shares his thoughts with BitnewsToday. Let's look at the cryptocurrency market from a wider perspective, at least in terms of the last six months. Here are some of the facts we'll find:
  • over the course of this period Ether significantly fell in value six times;
  • its average fall was 39%;
  • the average duration of each depreciation, after which it began to rise again, was 14 days
  • its maximum slump was 67% and lasted 34 days.
  • The statistics clearly demonstrates that the current depreciation is within the boundaries of the normal market movement of cryptocurrency.
In order to better understand the cryptocurrency market, let's look at Ether's sudden rise before its current fall. In just 14 days Ether, along with the entire market, rose 136%. Therefore during the next 'collapse,' instead of pulling your hair out of your head, remember this key piece of market wisdom: "The higher the yield, the higher the risk."

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