RATE Group | This Pattern Signals Ethereum is In for a Massive Correction; Here’s How Low It May Fall
74678
wp-singular,post-template-default,single,single-post,postid-74678,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

This Pattern Signals Ethereum is In for a Massive Correction; Here’s How Low It May Fall

05 Jan This Pattern Signals Ethereum is In for a Massive Correction; Here’s How Low It May Fall

Posted at 20:25h in Ethereum News by

[ad_1]

Ethereum (ETH) has found itself caught within a firm uptrend over the past several days, which has allowed it to quickly near its next key resistance level at $140, with a break above the resistance that exists here potentially allowing it to climb significantly higher.

In spite of the bullishness of this rally, it is important to note that analysts are still explaining that ETH is in a corrective phase and may be on the cusp of incurring another massive drop that could send it as low as $80 in the near-term.

Ethereum Outperforms Bitcoin as It Fast Approaches Another Key Resistance Level

At the time of writing, Ethereum is trading up nearly 4% at its current price of $139, which marks a notable climb from its recent lows of $126 that were set last week when the aggregated crypto market incurred a sharp sell off.

Ethereum’s recent climb has been perpetuated by the momentum Bitcoin has found in the time since its drop to $6,800, and the aggregated crypto market is showing some signs of…

[ad_2]

Source link