The bearish setup appears amid growing divergence between the Ether price and momentum.
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The bearish setup appears amid growing divergence between the Ether price and momentum.
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The potential price decline would also mark Ethereum’s return to its Ascending Channel support.
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The sharp bounce back in Avalanche market yet faces risks of exhaustion as the price forms a bearish wedge setup.
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The bearish outlook appears also as Cardano’s daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin keeps the upside hopes intact.
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