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Story summary
- Ethereum has fallen 29% this year and is trading near $2,130.
- The price is near the lower boundary of a bearish pennant pattern that shows consolidation in a triangle after recent losses.
- A decisive break below the lower boundary could push ether toward the $800-$900 range.
- A decisive break above the upper boundary, just above $2,460, could reduce bearish risks and raise expectations of further gains.
