Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming?

Quick Summary:

She revealed that ETH is still moving inside an ascending triangle but warned that it could suffer further downside pressure if it fails to stay above a crucial support level.  Ethereum Price Still Inside An Ascending Triangle Despite Recent Crash In a TradingView post, Trend Diva revealed that the Ethereum price is moving inside a clear ascending triangle.

This analysis comes amid ETH’s recent decline below $2,000.  Related Reading: Ethereum Retests Symmetrical Triangle Pattern, Analyst Sets Next Target The analyst noted that after a steady climb, the Ethereum price started showing weakness, confirmed by a head and shoulders pattern, which she claimed is a common sign that the trend might reverse.

This weakness led to a strong drop for ETH, bringing its price down to the key support zone around $2,000.  Trend Diva stated that this support area is important for the Ethereum price because it meets with a major trendline, making it a likely spot where buyers could step in.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Ali Martinez Ethereum price Ethereum Whales CoinMarketCap ETH ETHUSDT Ethereum Ascending triangle Ethereum Trend Diva Ethereum news ETH news Ethusd Eth price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 20:30:59 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 70 lines

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Copyright Owner: © NewsBTC

News ID: 26863833

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