Ethereum risks crashing under $2K as ETH paints bearish ‘symmetrical triangle’ — analyst

Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst.

Ether paints a classic bearish continuation setup

Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500.

Ignoring the intraday upside reversal, Wolf anticipated the Ether’s decline to continue further.

ETH/USD daily price chart. Source: TradingView

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