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Fail? Ethereum Price Weakens Post-Consolidation, Risk of Falling 55% Against Bitcoin According to Cointelegraph
Fail? Ethereum Price Weakens After Consolidation, at Risk of 55% Drop Against Bitcoin
Ether’s native token (ETH) has been forming an inverse cup and handle pattern since May 2021 on the weekly chart, which suggests a potential decline against (BTC).
An inverse cup and handle is a bearish reversal pattern, accompanied by lower trading volume. It usually settles after price breaks below its support, followed by a decline towards a maximum height level between the top of the cup and the support line.
