The rise in the ETH/BTC pair is painting a bearish technical pattern, hinting at a potential correction.
Backwardation reflects a market condition wherein spot prices trade higher than future prices.
LDO has recently witnessed a growing bearish divergence between its price and key momentum oscillator.
Ether price is forming a bear pennant pattern whose profit target comes to be near $850.
Ether risks falling further below $1,350 in August as the ETH price rally is losing steam.
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic.
The 200-week moving average keeps bulls in check, and traders are keeping quiet on the chances of a breakthrough so early.
Bitcoin rebounds strongly off the weekly close, but for BTC miners, it may be a case of "too little too late."
Ether price could drop by 45% because its ascending triangle breakout looks unconvincing so far.
MATIC still awaits a decisive breakout after the Disney-led intraday rally, with the profit target sitting about 80% higher than current prices.
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