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

source-logo  coingape.com 31 May 2023 10:42, UTC

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.

coingape.com