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ETH price to $1.2K? Ethereum's PoS ‘deflation’ ends with fees at all-time lows

Summary by Cointelegraph

ETH’s price action forms a classic bearish continuation structure, with a loss target of around $1,200.

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ETH price to $1.2K? Ethereum's PoS ‘deflation’ ends with fees at all-time lows - WorldNL Magazine

Ether’s (ETH) price printed a bear flag on the daily chart, a technical chart formation associated with strong downward momentum. Could this bearish setup and decreasing transaction fees signal the start of the second leg of ETH’s drop toward $1,200?Ethereum’s network activity slumpsThe market drawdown, fueled by US President Donald Trump’s tariff threats, saw Ether’s price drop by nearly 50% from a high of $3,432 on Jan. 31 to a 16-month low of…

10 hours ago

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The New York Ledger

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ETH price to $1.2K? Ethereum’s PoS ‘deflation’ ends with fees at all-time lows

Ether’s (ETH) rate printed a bear flag on the day-to-day chart, a technical chart development related to strong down momentum. Could this bearish setup and reducing deal costs signify the start of the 2nd leg of ETH’s drop towards $1,200? Ethereum’s network activity plunges The marketplace drawdown, sustained by United States President Donald Trump’s tariff hazards, saw Ether’s rate stop by almost 50% from a high of $3,432 on Jan. 31 to a 16-mon…

16 hours ago

Read Full Article