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

Ether price could retest the $3,800 level, but traders said Ethereum’s native token was preparing for a breakout to new highs, with $10,000 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.

Read more