Ethereum Risks Crashing to $200 as Price Breaks Multi-Week Support
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 […]
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Solana market grapples with multiple bearish setups if it breaks below its key 50-week moving average. Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called "megaphone" pattern.SOL price "megaphone" patternIn detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal.SOL has been sketching a similar pattern since the beginning of 2022, with the coin....
Ethereum faced a strong rejection above $380 against the US Dollar. ETH price is now at a risk of a sharp decline if it breaks the key $365 support in the near term. Ethereum struggled to gain momentum above the $380 and $382 levels. The price declined sharply below the 100 hourly simple moving average, […]
In line with its bearish market structure, the Ethereum price struggled significantly in the first week of February. The cryptocurrency’s value fell by more than 30% over the week, crashing to as low as $1,850 on Friday, February 6. Amid the Ethereum market downturn, a significant development has emerged — one which could make or […]