Why Ethereum Can Still Drop 35% Despite Ongoing Bitcoin Recovery

Why Ethereum Can Still Drop 35% Despite Ongoing Bitcoin Recovery

Why Ethereum Can Still Drop 35% Despite Ongoing Bitcoin Recovery

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Ethereum (ETH) has been facing bearish price action over the past several days and weeks, which comes about concurrently with a recent and ongoing Bitcoin recovery that has allowed BTC to put significant distance between its current price and its recent lows.

Ethereum’s bearishness may have been perpetuated by a violent rejection at a key multi-year resistance trendline that has been suppressing…

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