This “Ugly” Technical Formation Could Spell Doom for Ethereum Bears

Ethereum, like Bitcoin and most other major altcoins, has been firmly caught in a consolidation phase over the past few days and weeks, which has led it to stabilize around $130 as bulls and bears both attempt to take control of the cryptocurrency.
One analyst is noting that there are a couple technical formations that could allow the cryptocurrency to rally higher in the days ahead, with one of…

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