Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
Cointelegraph
Published May 26, 2022 04:32PM ET
Updated May 26, 2022 06:20PM ET
The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows.
Here’s a rundown of what several analysts in the market are saying about the move lower for Ethereum and what it could mean for its price in the near term.
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Written By: Cointelegraph
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