The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin By Cointelegraph

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The floppening? Ethereum value weakens post-Merge, risking 55% drop towards Bitcoin

‘s native token Ether (ETH) has been forming an inverse-cup-and-handle sample since Might 2021 on the weekly chart, which hints at a possible decline towards (BTC).

weekly value chart that includes inverse cup-and-handle breakdown setup. Supply: TradingView

An inverse cup-and-handle is a bearish reversal sample, accompanied by decrease buying and selling quantity. It usually resolves after the value breaks under its assist degree, adopted by a fall towards the extent at a size equal to the utmost peak between the cup’s peak and the assist line.

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cup-and-handle sample. Supply: StockCharts.com
ETH/BTC weekly value chart that includes cup-and-handle breakout setup. Supply: TradingView