Ethereum (ETH) faces downside risk, with technical indicators showing it has entered the "inverted cup and handle" breakdown phase, with a target price of approximately $1,665, representing a potential 25% decline. Multiple technical signals and on-chain data point to short-term weakness, and the market's risk appetite for cryptocurrencies has decreased, increasing the likelihood of further decline.
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Ethereum (ETH) faces downside risk, with technical indicators showing it has entered the "inverted cup and handle" breakdown phase, with a target price of approximately $1,665, representing a potential 25% decline. Multiple technical signals and on-chain data point to short-term weakness, and the market's risk appetite for cryptocurrencies has decreased, increasing the likelihood of further decline.