Ethereum price folds on bearish pressure, targets $3,100

  • Ethereum price breaks below a critical trend line, opening room for a correction.
  • ETH price could be set to tank 6% today before finding support.
  • Expect to see the uptrend continue with a return to $3,687

Ethereum (ETH) price delivered a distress signal to markets after bulls were unable to defend a key ascending trend line – coloured green on the chart below. Instead, bulls caved under the bearish pressure, with markets on the back foot for the second day in a…


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