Ethereum sees double ascending channel formation as price nears another fall

Ethereum awaits another crash after the formation of ascending channel

The world’s second largest cryptocurrency has been enduring a tough time in October. After exhibiting strong bullish fundamentals in September and recording a growth of over 30 percent, the asset was back under a bearish stronghold and was dwelling under the $200 range, at press time The steep declined on 24 September stripped off its bullish momentum, which was evident before the crash and at press time, Ethereum was priced at $182.96.