Ethereum is Taking a “Red Pill” as Analysts Eye a Sharp Decline to $100 Region

The aggregated crypto market has found itself caught within a firm bout of sideways trading over the past couple of days, with Bitcoin hovering around $8,800 while Ethereum (ETH) and other major altcoins have all started drifting lower.
In the near-term, analysts are noting that Ethereum’s technical situation is actually quite weak, meaning that the crypto could see some further near-term downside before it is able to find any notable support.
One analyst is noting that Ethereum is current