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**9 out of 10 Ethereum (ETH) Key Indicators Show Price Loss**
A recent analysis has revealed a concerning trend for Ethereum’s price performance. According to the data, a staggering 90% of key indicators are pointing towards a decline in the cryptocurrency’s value.
This alarming finding suggests that the upward momentum currently experienced by ETH may be extremely fragile and prone to reversal. The results of the analysis indicate that until it can confidently break and hold above these longer-term trendlines, Ethereum’s upward movement will continue to be extremely brittle.
The data indicates that it is unlikely for ETH to join any larger cryptocurrency market rally due to its own technical issues. As a result, the $1,750-$1,900 range may persist in the near future, with risk remaining skewed downward unless a clear breakout above the $2,000 mark occurs.
It is essential to conduct your own research and consider multiple factors before making investment decisions. Every investment and all trading involves risk, so it’s crucial to be aware of potential financial losses.
Source: https://u.today/9-out-of-10-ethereum-eth-key-indicators-show-price-loss
