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 further selloffs are emerging in the form of multiple technical and fundamental indicators.
ETH price rising wedge
First, Ether appears to have been breaking out of “rising wedge,” a bearish reversal pattern that emerges when the price trends upward…
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