Ethereum Price Analysis: $ETH Bulls Must Break This Price Level To End Correction

With an intraday gain of 1.67%, Ethereum price shows the formation of a bullish candle pattern calling morning star in the daily time frame chart. This reversal candle at the range support of $1789, indicating the buyers continue to defend this level and may extend the current sideway trend. However, a down-slopping trendline poised to hit the ETH price will bring more selling orders into the market and bolster the continuation of the prior retracement phase.