Ethereum drops 8%, but traders say ETH price breakout to $10K is ‘loading’

Ethereum price could retest the $3,800 level below, but traders said Ether was preparing for a breakout to new all-time highs, with $10,000 ETH in sight.

Key takeaways:

Ether price dropped 8% to $3,940 on Tuesday, triggering $115 million in long ETH liquidations.

A bull flag on the weekly chart suggests a $10,000 target, but bulls must hold $3,800 first.

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