- Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days.
- Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity.
- A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high.
Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation…
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