Ethereum must defend $1,180 to maintain this 50-day ascending pattern
Bull ETH prices struggle as futures trade below fair value, signaling excessive demand for shorts .
![Ethereum must defend $1,180 to maintain these 50 -day crescent pattern](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/3b8eb57b-81e3-41d1-bcb0-b7000f1bdbbc.jpg)
![Ethereum must defend $1,180 to maintain this 50-day ascending pattern](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvM2I4ZWI1N2ItODFlMy00MWQxLWJjYjAtYjcwMDBmMWJkYmJjLmpwZw==.jpg?#)
Bull ETH prices struggle as futures trade below fair value, signaling excessive demand for shorts .
![Ethereum must defend $1,180 to maintain these 50 -day crescent pattern](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/3b8eb57b-81e3-41d1-bcb0-b7000f1bdbbc.jpg)
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