the-floppening?-ethereum-price-weakens-post-merge,-risking-55%-drop-against-bitcoin

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

Ethereum’s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingViewAn inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically

ethereum-traders-shorted-eth-price-in-record-numbers-during-the-merge-—-50%-crash-ahead?

Ethereum traders shorted ETH price in record numbers during the Merge — 50% crash ahead?

Ethereum successfully completed its long-awaited transition to proof-of-stake via “the Merge” on Sept. 15, while traders have been increasingly shorting Ether (ETH) in anticipation of a sell-the-news event.  Ethereum funding rate plummeEther’s futures funding rates across leading derivatives platforms dropped below zero—to their worst levels to date—before the Merge. The rate