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Ethereum Plunges 10%, Bearish Signal Confirms With Close Below $390

Ethereum has been one of the best-performing assets in 2020, bar none. It beat Bitcoin, gold, stocks, and other assets in the best return on investment, had the $1,200 stimulus check be entirely invested in assets. But after today’s 10% intraday drop, the top-ranked altcoin is at risk of closing the daily with a bearish engulfing candle. If the bearish candlestick formation confirms, a short-term downtrend may follow. Ethereum Crashes 10% Intraday, Risk Of Bearish Engulfing If Daily Closes Below $390 Ethereum’s nearly 250% year-to-date rally may be finally ending, as the cryptocurrency plunged 10% today as part of a…

Continue Reading Ethereum Plunges 10%, Bearish Signal Confirms With Close Below $390

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