Ethereum risks a deeper sell-off toward $2,500–$2,200 as MVRV support weakens and a bearish pennant threatens to break lower.
Ethereum’s native token, Ether (ETH), extended its downturn into December after falling roughly 30% over the past three months, raising worries about how much further the sell-off could run by year’s end.
Key takeaways:
ETH could slide toward $2,500–$2,200 if MVRV support and the pennant break down.
