Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

2022.05.03 11:21

Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern.

Ether’s price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias.

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