Ethereum Risks Crashing to $200 as Price Breaks Multi-Week Support

Ethereum Risks Crashing to $200 as Price Breaks Multi-Week Support

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Ethereum is looking to fall towards $200 after breaking a multi-week support level this Monday.

The price floor was a part of a Bear Flag pattern. In retrospect, Bear Flag appears as an asset consolidates in an upward channel following a robust directional move down. The price eventually breaks below the Channel’s lower trendline, a move that signals extension/continuation to the existing bearish…

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