Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.
Ethereum price risks technical breakdown
The ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe.
In detail, bear flags are considered bearish continuation patterns that form as the price consolidates higher inside a range defined by two…
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