Ethereum sell-off resumes with ETH price risking another 25% decline in June
Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
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Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations.
Ether risks turning overbought on shorter timeframes, amounting to sell-offs also as it retests a critical resistance level.
Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high.
Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit.
But concerns remain that the cryptocurrency could fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones.
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