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Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling

  • Crypto analyst The Cryptagon suggests that Ethereum may be mirroring Bitcoin's 2018-2021 cycle, indicating a bullish outlook for ETH.
  • Despite facing record selling and downward pressure, Ethereum could reach new highs as it closely follows the price action of Bitcoin's 2021 cycle.
  • Ethereum's underperformance compared to other major altcoins, such as XRP and Solana, is attributed to the significant selling pressure.
  • The most important support level for Ethereum at the moment is at $1,887, with a drop below this level potentially leading to a massive crash and a possible 70% price drop to $800.

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