Ethereum Drops Below Crucial Technical Pattern and Must Hold $430

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Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – 1W Confirmed breakdown from the Rising Wedge But as long as ETH remains above $433 by Weekly Close… ETH would still be technically well-positioned on the Weekly timeframe It would just be a matter of getting that follow-through post-retest of $433.” Chart of ETH's price action over the past few days with analysis by crypto trader Rekt capital (@RektCapital on Twitter) Source: ETHUSD from TradingView.com Also of concern, there appears to be a large amount…

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