Ether prices took a little dip but remain above $3,100 while Bitcoin crashed below $90,000 and has not recovered at the time of writing.
Analyst ‘DrBullZeus’ observed that ETH has been trending lower for a while now, but the structure here is starting to look familiar.
“Price is struggling with the descending trendline, similar to what we saw earlier in the year before ETH finally bottomed.”
They identified a fractal that, if it plays out, could send the asset crashing back to around $2,500 before pushing back above the trendline. It is a potential repeat of what happened in April when ETH dumped to multi-year lows around $1,500.
Not All Are So Bearish On Ether
However, a clean breakout above the trendline resistance “would be the first real sign that momentum is shifting back in favor of the bulls,” the analyst added.
ETH has been trending lower for a while now, but the structure here is starting to look familiar. Price is struggling with the descending trendline, simi
We współpracy z: https://cryptopotato.com/this-fractal-chart-pattern-could-send-eth-back-to-2500-analyst/
