Warning comes amid period of heightened volatility and uncertainty on cryptocurrency market
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According to Cowen's analysis, the recent loss of important support levels in the ETH/BTC pair could signal further downside for Ethereum's price in the near term., on the past two occasions, ETH/BTC broke major support, and the ETH/USD pair fell 60% from its previous local high in three to six months. He mentioned that ETH/BTC has just lost support, and the implications of this development are unknown presently.
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