Ethereum Price Analysis: Bull Trap Puts $ETH Price at Risk of Major Correction; Sell or Hold?

Ethereum Price Analysis: On May 28th, a significant uptick in the crypto market allowed the Ethereum price to clear the downsloping resistance trendline of the wedge pattern. This development was a sign of buyers’ attempt to retake trend control and lead a sustained recovery. However, the price is struggling to sustain above the breached trendline which could lead to a fake breakout scenario and a potential downfall.