Analyst: Ethereum Poised to Dip to $270 as Selling Pressure Mounts

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Ethereum has been fully exposed to the weakness seen by Bitcoin and the aggregated crypto market today This has caused it to post some notable losses, with its price reeling down to lows of $325 earlier this morning before bears lost some of their momentum and the crypto rebounded back above $330 Despite some slightly positive price action seen this morning, one analyst is still noting that the likelihood of a decline down towards the sub-$300 region is growing He is particularly targeting a maximum downside movement to $270, at which point he expects it to find some strong support that allows it to bounce Ethereum and the aggregated crypto market have seen some weak price action throughout the past several days, with Bitcoin’s inability to hold above $10,000 creating a headwind for the entire market. It is important to note that ETH has been able to show some slight…

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