3X Long Ethereum Token market outlook from November 14 - November 20 :the price surges by 42%.

The behavior of 3X Long Ethereum Token last week was characterized by the occurrence of upswings. The price swings of ETHBULL pointed to the presence of high volatility. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The considerable chops and changes in the price of 3X Long Ethereum Token resulted in average volatility of 22.86%. November 14 was the day when the asset was the most volatile, with the volatility going as high as 22.86%. On November 20, the coin's volatility was at its minimum level of 1.08%. 22.86% is too high a volatility for the ETHBULL market to be considered stable and easily predictable.

The were dictating the terms on the 3X Long Ethereum Token market on November 14 - the trading session opened at $0.6. On November 14, the first trading session of the reviewed time period, the market participants saw ETHBULL moving down by 32%. The 36% move in the upward direction took place on the second day after the weekly open. The bears dominated the price action during the following trading period as the price drifted 7% to the downside, having established the low for the reviewed time frame at $0.45, while the high was recorded at $0.52. On November 18, ETHBULL market moved by 2% in the bullish direction in concert with the trading volume. On November 18, 3X Long Ethereum Token finished the trading day with no changes to the flatlined market. The crypto coin opened the trading session on November 19 at $0.48 and finalized it at $0.55; the highest point of price action was at $0.55, the lowest was detected at $0.46. On the last day of the reviewed period, the coin was locked between $0.5 and $0.58, though the price managed to puncture these levels to reach the 24H high at $0.58 and the 24H low at $0.5. The highest point of the price action over the week was at $0.67 - the weekly low during the same period was established at $0.34. 3X Long Ethereum Token shaped the $0.17 price range over the week of price action, which constituted the 42% gap between the weekly low and the weekly high.

3X Long Ethereum Token ’s average trading volume on the opening day of the observed time period, November 14, stood at $54 195, while on the closing day of the same period, it moved to $24 659. In order to have a better grasp of the ETHBULL market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $70 630 to $7 168 493. The 99% trading volume fluctuation between November 14 and November 20, as compared with the previous period, served as a basis for a 42% price move.

The past week saw the market capitalization of 3X Long Ethereum Token making a shift from $1 432 805 on November 14 to $1 189 970 on November 20, the peak for the analyzed period. The rate of percentage change for the last week for ETHBULL was 17%. The said 17% percentage change in market capitalization of the coin was accompanied by the 42% fluctuation in the price of the underlying asset. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $15 245 472 on November 7 and $1 774 950 on November 13, which translates to a 88% change.

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Article date: November 20 | November 14 - 20

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