Ethereum Faces Bearish Sentiment Amid Market Struggles
- Ethereum has been trading below $2,800 for several days.
- Bears dominate the market, with Ethereum underperforming compared to Bitcoin and Solana.
- A multi-year ascending triangle pattern suggests potential bullish momentum.
- Key support level is at $2,600; resistance levels are $2,800 and $3,000.
- Analyst Jelle identifies the $4,000 mark as a critical supply zone.
Ethereum’s price remains under pressure at $2,650. Analysts highlight the importance of holding above $2,600 while reclaiming higher levels to shift market sentiment positively.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-holds-multi-year-bullish-pattern-expert-suggests-the-next-move-will-be-the-real-deal/?rand=52377
