Ethereum Longs at Risk? Analyst Warns of Recurring Weekly Liquidation Pattern
Ethereum (ETH) recently broke through to a new all-time high above $4,900 before undergoing a correction. As of now, the asset trades at $4,520, reflecting an 8.9% pullback from its peak but still up 7.6% over the past week. The move follows weeks of strong upward momentum that returned ETH to price levels unseen since the 2021 bull cycle. While Ethereum’s long-term trend remains upward, analysts are examining short-term patterns to explain the market’s current volatility. One such perspective comes from XWIN Research Japan, a contributor to CryptoQuant’s QuickTake platform, highlighting....
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Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern. It is still in a decent spot on a weekly time frame though may face an intra-day pullback, the chart suggests. “$ETH $ETHUSD #Ethereum – […]