Ethereum risks drop below $3.2K as ETH price faces heavy resistance
A confluence of at least three different bearish indicators appears on Ethereum's multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion.
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A confluence of at least three different bearish indicators appears on Ethereum's multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion.
The eerie deja vu scenario can see Ethereum hit $13,000 within six months if history repeats.
The three bullish indicators converge as Ethereum's native token Ether climbs over 9% Friday to cross $3,000, its psychological resistance level.
Derivatives data shows bears have sufficient incentives to keep ETH price below $3,000 heading into Friday’s $340 million options expiry.
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MTL, RGT and KSM post gains in excess of 36% after the ETH/BTC pair turned bullish and Bitcoin price trades in a range-bound pattern.
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