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

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 is painting a bear pennant.