Here’s the Crucial Level Ethereum Needs to Break to Avoid Cratering Lower

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Ethereum has been moving in close tandem with Bitcoin over the past couple of days This has made it exposed to seeing intense downside, and it is now stuck beneath the $240 region ETH is now at risk of setting lower lows according to one analyst, but there is a way bulls can stop this from happening The trader noted that $242 is a key high time frame level that bulls must flip before tomorrow’s weekly candle close takes place A failure to do so could be grim Ethereum has been struggling to recapture the $240 region following its latest selloff. This decline came about in tandem with that seen by Bitcoin, which was rejected at $9,500 earlier this week. BTC now appears to be entering another consolidation phase as it trades around $9,200, and this could either provide a backdrop for altcoins to run against or could cause ETH…

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