Ethereum dipped under the $1,900 help degree over the previous few hours. A decisive shut under such a significant demand zone will put ETH vulnerable to a 38% correction towards $1,200. This pessimistic outlook derives from the formation of a bear pennant sample on the four-hour chart.
ETH 4-hour chart
Ethereum must declare $2,100 as help for an opportunity of invalidating the bearish thesis, which seems like a difficult duties because of the low buying and selling volumes within the cryptocurrency market.
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