Ethereum price formed a bearish engulfing candle on Monday and dropped over 6% amidst a market-wide crash led by Bitcoin.
Summary
- Ethereum price fell over 6% on Monday amid a broader crypto market blood bath.
- Multiple bearish patterns seem to suggest more potential downside over the coming weeks.
- Ethereum ETFs have hit a 5-week outflow streak.
According to data from crypto.news, Ethereum (ETH) price fell 6.3% to $1,855 on Monday during early Asian hours before stabilizing at $1,874 at press time. Ethereum price tanked amid a broader market crash as fresh U.S. tariff threats on all trading partners and potential military escalation in the U.S. and Iran conflict hurt…
