Ethereum Price Forecast: ETH ready to launch to $2,000 as technical align

• Ethereum is on the verge of a technical breakout eyeing $2,000.
• A falling wedge pattern on the 4-hour chart adds credence to the bullish outlook.
• Delay is expected at the 50 SMA and the 100 in the 4-hour timeframe.

Ethereum dropped as far as $1,285 during the weekend session. The support anticipated last week at $1,400 failed to hold, leading to the breakdown. Overhead pressure mounted, mainly with investors panic-selling to cash out for profit.