Ethereum Price Heading to $2000? Bear Trap Sets the Stage for High Recovery | Headlines | News | CoinMarketCap

08/09/2023 20:43
Ethereum Price Heading to $2000? Bear Trap Sets the Stage for High Recovery | Headlines | News | CoinMarketCap

On August 2nd, the Ethereum price gave a bearish breakdown from the support trendline of the megaphone pattern. This breakdown was supposed to extend …

CoinGape7 minutes ago

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Published on August 09, 2023 13:34 GMT+00:00edited on August 09, 2023 13:34 GMT+00:00

On August 2nd, the Ethereum price gave a bearish breakdown from the support trendline of the megaphone pattern. This breakdown was supposed to extend the prevailing correction phase but instead, the price action went sideways indicating a lack of conviction from the sellers. Moreover, the buyers took advantage of this uncertainty, and push the price

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