Why I'm Buying the Ethereum Dip

From the beginning of 2021 to the all-time high it made in November 2021, Ethereum (CRYPTO: ETH) gained a mind-blowing 500%.

Since that all-time high, Ethereum is now down roughly 75%. Currently trading at just around $1,200, there doesn't seem to be much hope for a quick rebound.

While we can likely rule out a V-shaped recovery, there are interesting technical indicators that provide some context on how Ethereum has behaved when in similar territory. These indicators help put things in perspective for long-term investors who might be weary about Ethereum's current position in the market.

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Source Fool.com