ETH/USDT ANALYSIS
ETH has broken down from the ascending broadening wedge pattern on the weekly timeframe with significant volume. It is currently retesting the pattern from below, while the Ichimoku Cloud acts as a resistance barrier above the price action.
If the retest is successful, it could confirm a continuation of the downward move. However, if the retest fails and ETH reclaims the pattern, we may see further price action within the wedge. This is a key level to watch closely.