Ethereum seems to be in trouble after breaking below this pattern

What's in this article

Ethereum was struggling to get comfortable above the $4000 price mark however after the bears’ takeover Ethereum seems to be in trouble and under clouds.

Ethereum price today is $3,733.48 USD with a 24-hour trading volume of $15,749,105,463 USD. Ethereum is down 4.58% in the last 24 hours, with a market cap of $444,055,003,834 USD. It has a circulating supply of 118,938,705 ETH coins.


Source: Tradingview

Ethereum: Analysis

It’s been 3 days since we spotted the symmetric triangle pattern and we were waiting for a decisive breakout on either side. Yesterday, Ethereum broke the symmetric triangle downwards. If this trend is followed we might huge decline, as huge as 18% to $3100, fib 2.618. We just hope it’s a fakeout – fingers crossed.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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