Why Ethereum price at $600 seems more plausible than $3,000

  • Ethereum price has flipped bearish from a macro perspective after creating a second lower low at $1,700.
  • Investors should be prepared for a worst-case scenario that puts ETH at $600.
  • A three-day candlestick close above $3,396 will invalidate the bearish thesis. 

Ethereum price is in a tough spot despite the recent crash and indicates that a further downtrend is on the cards. The case for a bullish trend will only be revived after ETH produces a higher high from a…


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