Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound

2022.06.21 00:20

Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound

Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18.

Ether’s price reached above $1,150 this June 19, marking 30%-plus gains in just two days. However, at the beginning of the new weekly session this June 20, the ETH/USD pair hinted at giving up its weekend gains, with its price plunging by almost 9% from the $1,150 high.

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