Bitcoin Rival Ether’s Perilous Chart Outlook Adds to Crypto Gloom
- Digital assets suffering their worst month since November 2022
- Technical signals suggest more Ether declines despite ETF hype
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This month’s crypto retreat may get worse if key charts for Ether, the second-largest token, prove prophetic.
Both Ether and a gauge of the top 100 coins have shed about 12% so far in August, the most since November last year, as the prospect of higher-for-longer interest rates hurts demand for speculative investments.