
Here’s Why Ethereum Price Faces Sub-$3k Correction
The Ethereum (ETH) market has been showing some signs of life lately, with the price bouncing back above $3,500. However, there are reasons to believe that this rally may be short-lived and a correction towards sub-$3,000 is on the horizon.
Firstly, it’s essential to recognize the bearish breakdown of the double-top reversal pattern at the $3,500 neckline. This chart setup typically signals intense overhead supply and could lead to further downward pressure if not invalidated.
Source: www.cryptonewsz.com