Ethereum Signals Bearish Rounded Top Formation, Raising Risk of Sharp Price Decline
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2 Articles
Ethereum Signals Bearish Rounded Top Formation, Raising Risk of Sharp Price Decline
Ethereum is trading near $2,140 after forming an inverted cup and handle pattern on the daily chart between March 29 and May 18, according to technical analysis published by BeInCrypto via Coinotag. The bearish formation carries a measured-move target of $1,690, roughly 19% below the neckline at $2,087, if a daily close beneath that support level confirms the breakdown. DeFi Erosion Mirrors the Chart Pattern The price structure tracks a deterior…
Ethereum price forms bearish rounded top pattern, will it crash?
This article was updated with a post from Lookonchain. Ethereum price has slipped into a bearish rounded top structure as institutional outflows, leveraged shorts, and weakening momentum pressure the token below $2,150. According to data from crypto.news, Ethereum (ETH) price…
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