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Will Ethereum's price continue to fall? The market analyst has identified a bearish chart pattern.

The Ethereum price made a strong comeback at the start of the second quarter of the year, after a weak start to the first months of 2025.

Although the “king of altcoins” is in a better position than it was a few months ago, it has not performed particularly well in the past few weeks.

The Ethereum price remained within a range for a long time and then fell to a new low last week. On the night of June 21, its price fell below $2,300 in a single move, reflecting the selling pressure in the market due to increasing tensions in Asia.

Market expert and Chartered Market Technician Axel Kebar, in a post on June 21, predicted a bearish trend for the Ethereum price in the next few weeks.

According to him, the price could be ready for a significant downward move. His prediction is based on a The “Ascending Channel” pattern is a price action pattern.

This technical analysis pattern consists of two upward sloping trend lines connecting local highs and lows.

Usually, this pattern indicates an uptrend, but a break below the lower line indicates a change in trend or a bearish trend.

Ethereum experienced a similar breakdown earlier this year, which led to the price falling to $1,200 in April, followed by a strong recovery and the price again rising above $2,000.

According to Kebar, the recent buying momentum is likely a retest of the lower line breakdown, and if so, the price could return to $1,200 or even lower, around $900.

Ethereum is currently trading below $2,300, down more than 5% in the past 24 hours, while on Saturday A decline of about 9% has been seen on a year-on-year basis,

The ongoing market tension and technical indicators indicate that the price of Ethereum may decline further, which requires investors to be cautious ....#SwingTradingStrategy $ETH