Ether Exits Triangular Price Consolidation With 4% Drop

Employers in the United States created 263,000 new jobs in September.

 Ether (ETH) is under selling pressure.

As seen in the featured image from TradingView, the native token of the Ethereum blockchain decreased 4% to $1,220 on Thursday

Departing a three-week-long triangle consolidation pattern known as a "pennant."

According to licenced market technician Goncalo Moreira, the so-called pennant breakdown has bearish repercussions.

After a strong rally or drop, pennants are a brief period of consolidation that typically prepare the way for the trend to continue.


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