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Ether Could Sink Another 80%, Chart Watcher 22V Says

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Ether, the second-biggest cryptocurrency by market cap, has fallen about 60% from its November record. It could be due to drop another 80% or so, according to technical analyst John Roque of 22V Research. His downside target is around $420, compared with its current level about $2,000,  Ether is “oversold daily and oversold weekly and cannot rally,” Roque said in a note Monday.

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