This Textbook Signal Predicts Ethereum Has Room to Drop After 35% Correction

This Textbook Signal Predicts Ethereum Has Room to Drop After 35% Correction

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Ethereum has faced a strong correction over the past few days that easily overshadows Bitcoin’s move. From the local highs near $490 to the local lows, the cryptocurrency fell by over 35%, shocking most investors as they were bullish just days before.

ETH has already bounced since falling as low as $315, undergoing a rapid 14% rally to $360 on Sunday morning.

While key supports in the low-$300s…

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