Ethereum risks dropping to $3,200 as its latest ETH price decline triggers a classic bearish setup.
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Ethereum risks dropping to $3,200 as its latest ETH price decline triggers a classic bearish setup.
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The second-largest cryptocurrency posts dwarfed losses compared to Bitcoin’s 21% price decline Saturday.
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Ethereum price hit a new all-time high in its ETH/BTC pair and a classic technical analysis pattern suggests the altcoin has a lot more upside.
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The second-largest cryptocurrency will see over 8% growth against its top rival should the technical outlook play out.
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ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.
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The second-largest cryptocurrency falls 13.30% versus Bitcoin’s 9.38% decline as China’s move scares investors away.
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The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.
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The Ethereum blockchain native asset broke its downward sloping resistance trendline to the upside, triggering a textbook bullish outlook.
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The Federal Reserve chairman sidelined inflation concerns, which appears to have coincided with a relief bounce for Ethereum.
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One key on-chain indicator provides a bearish outlook for Ethereum’s native token.
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