Investor Funds Start To Flow in for ETH; Time for a Recovery?

2022.07.14 01:21

Investor Funds Start To Flow in for ETH; Time for a Recovery?

• The price of ETH is down nearly 40% against BTC.
• Technical flag suggests that ETH’s price will continue to fall.
• Investor funds flow in for ETH after an 11-week slump.

Since December 2021, the price of Ethereum (ETH) is down nearly 40% against the market leader, Bitcoin (BTC). Now, it looks as if even more downfall is on the horizon for the largest altcoin by market cap in the coming weeks when looking at a classic technical indicator.

The ETH/BTC chart has been forming a bear flag since early June 2022 on the 3-day timeframe. According to this bear flag, ETH/BTC has been eyeing a breakdown similar to its previous breakdown with its profit target sitting at around 0.0439, which is down almost 20% from the current price.

Continue reading on CoinQuora

Source