ETH UPDATE!!!
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Ethereum is showing signs of weakness, forming a descending triangle pattern—a classic bearish setup.
With resistance holding strong and lower highs being set, it's clear that sellers are in control. If Bitcoin doesn't make a move upward soon, Ethereum could face a significant drop.
The technicals suggest a potential break to the downside, and we could see Ethereum test the $1,580 support level. Without a catalyst to reverse this trend, the outlook for ETH remains bearish, with further downside risk looming if market sentiment doesn't improve.
Proceed with caution!
