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A breakdown below the neckline could trigger a drop toward $77,509, aligning with a key demand zone. Meanwhile, the RSI at 39.43 is nearing a breakdown level, signaling weakening momentum.
To invalidate the bearish setup, bulls must reclaim $97,500-$100,000; otherwise, Bitcoin risks further downside.
Ethereum Technical Analysis: Bear Flag Points to More Losses
Ethereum is flashing bearish signals as a bear flag pattern develops on the daily chart, hinting at a possible continuation of its recent downtrend. Currently, ETH is trading at $2,643, down 6.30%, struggling below the 50-day EMA ($2,954) and 200-day EMA ($3,050).
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