{"id":29357,"date":"2022-09-18T01:28:14","date_gmt":"2022-09-18T01:28:14","guid":{"rendered":"http:\/\/egrowonline.com\/?p=29357"},"modified":"2022-09-18T01:28:14","modified_gmt":"2022-09-18T01:28:14","slug":"the-floppening-ethereum-price-weakens-post-merge-risking-55-drop-against-bitcoin-by-cointelegraph","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=29357","title":{"rendered":"The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin By Cointelegraph"},"content":{"rendered":"


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\nThe floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin <\/span>
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‘s native token Ether (ETH<\/span>) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against (BTC<\/span>). <\/p>\n

weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingView<\/em><\/figcaption><\/figure>\n

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.<\/p>\n

cup-and-handle pattern. Source: StockCharts.com<\/em><\/figcaption><\/figure>\n
ETH\/BTC weekly price chart featuring cup-and-handle breakout setup. Source: TradingView<\/em><\/figcaption><\/figure>\n

Continue Reading on Coin Telegraph<\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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). weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingView An inverse cup-and-handle is a bearish reversal pattern, […]<\/p>\n","protected":false},"author":1,"featured_media":7881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[50,68,1371,158,11220,2108,195,9058,11221],"class_list":["post-29357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-cointelegraph","tag-drop","tag-ethereum","tag-floppening","tag-postmerge","tag-price","tag-risking","tag-weakens"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/Ethereum_800x533_L_1599056633.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29357"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29357\/revisions"}],"predecessor-version":[{"id":29358,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29357\/revisions\/29358"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7881"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}