Ethereum’s Price Action Could Resemble a “Car Crash” if it Breaks Below $190

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Ethereum has once again declined back down to its long-held consolidation channel around $200 The cryptocurrency is now showing some signs of weakness as it continues performing poorly alongside Bitcoin and most other major altcoins This weakness could soon lead it down to a key support level that must be maintained by buyers A failure for ETH to hold above this level could mean a “car crash” style decline is imminent, according to one analyst Ethereum is once again consolidating within the lower-$200 region. This comes shortly after it was on track to gain some ground against Bitcoin, rallying to highs of over $215 before descending lower. Buyers are ardently attempting to keep the cryptocurrency above $200, as a decline beneath this level seen yesterday was met with significant buying pressure that ultimately led it higher. Although analysts are noting that it does appear to be well-positioned to see a…

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