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Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout -Breaking

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Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

Ether is Ethereum’s native currency (ETHThe possibility exists that ) will experience a 35% correction in its Q2 prices as it moves closer to breaking through below the “ascending three-point” pattern.

Ether prices fluctuated between profit and loss on May 2. They traded around $2,825, which shows traders’ indecisiveness about the next trade.

Weekly price chart showing the ‘ascending Triangle’ configuration. TradingView
Source: CoinShares. Institutional flows, by assets, as of April 22. Source: CoinShares