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Cryptocurrency News

Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin

07/14/2022

Less than a minute

2022.07.14 03:05

Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.

The ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe.