Ethereum May Drop Towards $140 Before Falling Wedge Sparks Next Run

Ethereum May Drop Towards $140 Before Falling Wedge Sparks Next Run

Ethereum has plummeted lower today concurrently with Bitcoin’s drop below $8,000, which points to an underlying bearishness for the aggregated crypto market and may mean that significantly further losses are in store for ETH before it is able to find support and climb higher.

One analyst is now noting that Ethereum is caught in a technical formation that may lead it as low as $140 in the…

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