Saturday, December 7, 2019

Ethereum trapped in Descending triangle as Analysts observe New Losses

Ethereum (ETH) has faced a significant influx of selling pressure in the past 24 hours. Which in part has been fueled by the massive sale that Bitcoin experienced today that sent the cryptocurrency in trouble to falter below $ 8,000.
Analysts are now noticing that ETH is trapped in a broad descending triangle. That could cause the cryptocurrency to fall significantly lower in the short term, and analysts now point to $ 170 as their next target.

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