Ethereum Price Faces Many Hurdles, Downside Thrust Before Fresh Increase
Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support.
Bitcoin has been consolidating around $63,000 despite broader market declines.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.
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