Ethereum Price Analysis: ETH breakdown lingers despite the network overtaking Bitcoin in ‘trustless’ money transfer

Ethereum retraces from the new record high aiming to secure support above $1,700. The formation of a rising wedge pattern hints that the correction could be extensive. Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC. Ethereum is struggling to sustain the uptrend after rising to a new all-time high.

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Author: toutiao