Is Ethereum Poised to Surge After Hitting Recent Lows?

Is Ethereum Poised to Surge After Hitting Recent Lows?

Ethereum's (ETH) price rose almost 400% last year, reaching a high of $4,891 on Nov. 16, according to CoinMarketCap data. This week, Ethereum's price fell to lows we haven't seen since September. As is often the case with cryptocurrencies, these price drops precipitated the usual dire warnings from crypto skeptics and calls to "buy the dip" from enthusiasts.