- Ethereum price could be headed for a 15% drop toward $2,472 after a bearish chart pattern emerged.
- The token may be able to discover and test multiple lines of defense before reaching the pessimistic target.
- In order to invalidate the bearish outlook, Ethereum bulls must target levels above $3,020.
Ethereum price is at risk of further decline after the token sliced below a critical line of defense and the lower boundary of the governing technical pattern at $2,944….
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