It’s Decision Time for Ethereum as Analysts Eye Full Retrace of Uptrend

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Ethereum has been hit hard by the recent market-wide downtrend Analysts now expect ETH to surrender all of the gains that it posted over the past couple of weeks Ethereum has been particularly impacted by the crypto market’s recent downturn, with the second largest cryptocurrency erasing the vast majority of the gains that were incurred as the result of its recent uptrend seen last week. It now appears that ETH is well positioned to see further downside due to the weak market structure formed as a result of this decline. One prominent trader is noting that he anticipated the crypto to continue pushing lower until it drops to where it was trading at before its latest rally. Ethereum Nears Apex of Triangle Formation as Analysts Eye a Big Movement At the time of writing, Ethereum is trading down just under 5% at its current price of $172, which is around…

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