Ethereum (ETH) retested the crucial support at $1,500 for the first time since 2023.
The daily chart reveals that the ETH price has collapsed in the past few months, and the situation is getting worse. It has continued to move below key support levels, including the psychological point at $1,500. Ethereum price also moved below the support at $2,120, a key part of the triple-top chart pattern. It fell below $1,530 on Monday, the lowest level in October last year.
The depth of the triple-top pattern is about 42%, and the same distance from the neckline is $1,200. This means that the ETH price forecast may see it dropping to $1,200 before bouncing back when the Fed starts to cut rates.
Actually CT keep talking about sell but imo there is no point for it and DCAd more with money from memes... DYOR
