Stock Groups

Ethereum price risks dropping to $2K on ‘bear flag’ setup -Breaking

[ad_1]

© Reuters.

Ethereum’s native token, Ether (ETHIf the technical indicators are correct, then ) will see a 30% increase in its price slump until July 2021.

ETH’s price fell to its six-month low of $2,159 on Jan. 24, 2022, only to rebound sharply to as high as $2,724 days later. However, this created a so-called “Flag bearer” chart pattern that suggests the price could drop to $2,000 or a 17% drop from current levels.

Daily price chart with bear flag setup TradingView
Bitcoin’s correlation with altcoins in the past 30 days. Source: CryptoWatch