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ahead of Ethereum

A long way ahead of Ethereum. Here is how…

The second-largest has been successful in maintaining a price above the $2k mark but, is still a long way ahead of Ethereum.

The recent crypto crash has impacted the second largest currency as much as other assets. At the time of press, ETH is maintaining a price above $2k. Data from the CoinMarketCap shows that ETH is trading with little change in price over the last 24 hours. However, just like BTC, ETH has lost almost 40% trading volume in the past 24h. Despite maintaining a crucial $2k price level, a long way ahead of Ethereum. Let’s explore the technical side.

A long way ahead of Ethereum

1H timeframe shows that ETH is moving in a descending triangle. The descending triangle is a bearish pattern so we can see downward movement for a while now. We are in a downward trend with heavy sell-offs; We have 2 ways ETH breaks, 1 the price goes sideways short term then it will likely break to the south; the second one is a short term bullish reversal.

ahead of Ethereum

There is a lot of FUD in the market, so let the market take a clear direction and then invest in it. Things could get really ugly if BTC nosedives to $20k because the whole market will follow. DYOR.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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