This Grim Technical Pattern Suggests Ethereum May Plunge to $240

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Ethereum has seen a strong rebound from its recent lows, which has allowed it to outperform Bitcoin and most other digital assets throughout the past day This rebound has led it from lows of $320 to highs of over $380 Bulls are now vying to push the crypto back into the $400 region, which could allow it to reclaim its bullish market structure and see further upside One analyst doesn’t believe this is going to happen, however, as he is pointing to the emergence of a technical pattern as a reason why a move to $240 could be imminent Ethereum and the entire cryptocurrency market have seen a slight uptrend throughout the past few days, with Bitcoin’s continued defense of its $10,000 support creating a backdrop for other assets to recover against. Although it does appear that ETH is on its way to making a full recovery, there are still…

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