Ethereum Faces Bearish Pressure Amid Key Resistance Levels
- Ethereum (ETH) struggles around $2,200 with persistent selling pressure.
- ETH has lost over 50% of its value since late December.
- Analyst Carl Runefelt notes ETH breaking out of a descending triangle pattern.
- A confirmed breakout above $2,300 could signal a bullish recovery.
- ETH currently trades above the critical $2,000 support level.
Ethereum’s price remains under bearish control despite attempts to break past key resistance levels. A confirmed move above $2,300 is needed for potential recovery, while maintaining the $2,000 support is crucial to avoid further declines.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-breaks-out-of-descending-triangle-pattern-fakeout-or-recovery-rally/?rand=52377
