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Ethereum bulls retain hopes of $10K despite ETH price chart bear flag -Breaking

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Ether, Ethereum’s native coin (ETH() is poised to continue its selloff as it slides near the key support level at $4,000.

The ETH price fell by more than 5.50% to $3,913 intraday on Dec. 6. In doing so, it slipped through upward sloping support that constituted an ascending channel that — more or less — appears like a bear flag, a bearish continuation setup.

Bear Flag set-up on daily price charts TradingView
Chart of weekly perpetual futures contracts in ETH and USD. TradingView
In the last 30 Days, top 10 cryptocurrencies performed against USD/BTC. Source: Messari
The weekly chart of the ETH/USD price with Ascending Triangle layout. TradingView
Based on the total volume locked, these are five top DeFi chains. Source: Defi Llama