Ethereum (ETH) is currently within a bearish pattern on higher-timeframe charts, trading within a rising wedge with declining volume.
Despite this, ETH has seen a mild recovery, rising over 2% from its recent low. The weekend’s price action will play a crucial role in determining ETH’s near-term direction.
Ethereum’s Crossroads: ‘Make It or Break It’ Range
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a critical juncture as it navigates a pivotal price range. On higher-timeframe charts, ETH remains within a bearish pattern, encapsulated in a rising wedge, and accompanied by diminishing trading volume. From a technical standpoint, these indicators are typically bearish, suggesting a potential breakdown in the asset’s price.
Short-Term Recovery Potential
Despite the bearish signals, Ethereum has demonstrated resilience in the past few hours. Rising from a recent low of $1609, ETH has surged by over 2%. This bounce has the potential to t

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