Ethereum [ETH] insisted on its sideways momentum while its market consolidated over the last month. Post the bearish flag breakdown, buyers have not been able to break the bonds of the daily 20 EMA (red) resistance.
Further, the trendline resistance (white, dashed) has kept the alt’s peaks under bearish control for over three months.
Should the current candlestick see a robust close below the $1,045 support, ETH could eye an extended downside in the coming sessions. Any…
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