Ethereum (ETH) Price Could Fall to $1,300 if This Bearish Structure Plays Out—Can Bulls Prevent This Move?

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The post Ethereum (ETH) Price Could Fall to $1,300 if This Bearish Structure Plays Out—Can Bulls Prevent This Move? appeared first on Coinpedia Fintech News

Ethereum price has managed to stabilize after a sharp sell-off, but the latest recovery may not be as bullish as it appears. Instead of establishing a new uptrend, ETH is consolidating within a contracting triangle following a steep decline, a structure that often precedes another impulsive move. At the same time, derivatives data suggest traders …