Analyst Fears a Drop as Ethereum Deposits Spike to Multi-Week Highs

Analyst Fears a Drop as Ethereum Deposits Spike to Multi-Week Highs

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Like Bitcoin, Ethereum (ETH) has flatlined over recent weeks in an extremely tight range. For the leading altcoin, this range has been approximately $230-245.

Bears may soon gain the upper hand as the on-chain and technical analysis case for Ethereum has purportedly flipped bearish. This comes at a pivotal time for Bitcoin, which is expected to see a macro breakout in the coming week or two.

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