Category: Rising Wedge

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3 reasons why Ethereum price can drop below $3K by the end of 2021

The bearish setup appears amid growing divergence between the Ether price and momentum. Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of…
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Ethereum price risks losing $4K on ‘rising wedge’ breakout fears

The potential price decline would also mark Ethereum’s return to its Ascending Channel support. A selloff in Ether (ETH) on Nov. 16 has increased the chances of ETH’s price falling below $4,000. ETH plunged 10% to around $4,100 on Tuesday, amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below…
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