• Ether ‘bear pennant’ puts target on $1.1K ETH price: Here’s why Ethereum onchain data and a bear pennant on the daily chart suggest that bears may target the $1,100 level. • Would a dip to that zone represent a generational buy opportunity? • Cointelegraph in your social feed Ether (ETH) price printed a bear pennant on the daily chart, a technical chart formation associated with strong downward momentum. • This weakening technical setup and declining network activity may signal the continuation of ETH’s bear trend and possibly send the altcoin’s price to $1,100. • Abear pennantpattern is a bearish setup that forms after the price consolidates inside an up-sloping triangle following a sharp price drop. • The pennant will resolve once the price breaks below the lower trend line of the pennant at $1,950.
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