Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout

Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern.

ETH price breakdown ahead?

Ether’s price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias.

Interestingly, the Ethereum token wobbled in the proximity of a rising trendline that constitutes an ascending triangle pattern in conjugation with a horizontal line…


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