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Analysts Turn Negative on Ether as Weekly Chart Tips Bearish — CoinDesk

Analysts Turn Negative on Ether as Weekly Chart Tips Bearish — CoinDesk

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“Broadly speaking, if ether fails to stay above $3,300 there is a risk of a deeper correction to perhaps $1,400 by the end of October,” Noble mentioned in an e-mail. “The Evergrande situation could be similar to the events of 2008, so while the ETH bull case is intact for the long-term, it may be best to be cautious in the short-term.”

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