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Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern

05/15/2022

Less than a minute

2022.05.15 17:41

Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern

Ethereum’s native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing “bear pennant” structure.

ETH’s price has been consolidating since May 11 inside a range defined by two converging trendlines. Its sideways move coincides with a drop in trading volumes, underscoring the possibility that ETH/USD is painting a bear pennant.

05/15/2022

Less than a minute

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