The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin By Cointelegraph
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The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin ‘s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against (BTC).
An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support level, followed by a fall toward the level at a length equal to the maximum height between the cup’s peak and the support line.
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The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin ‘s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against (BTC).
An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support level, followed by a fall toward the level at a length equal to the maximum height between the cup’s peak and the support line.
Continue Reading on Coin Telegraph
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