CoinOtag
2025-12-13 10:36:56

Ethereum Faces Potential Drop to $2,400 in Corrective Channel Pattern

Ethereum's price is currently in a corrective range after a sharp drop, with technical analysis indicating support at the $2,400 level. Trading within a rising channel suggests controlled retracement rather than bullish recovery, and a breakdown could target this demand zone amid reduced volume and post-liquidation consolidation. Ethereum's rising channel formation signals corrective behavior post-decline. [...]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.