However, the chart analysis of prominent crypto trading expert Rekt Capital published on April 25 suggests that Ethereum may return to the critical $3,000 price level as a likely volatility retest may be in progress, while a negative wick predicted by the expert may see it go as low as $2,600. Furthermore, the prominent trader pointed out that technically, ETH could see volatility drop to as low as $2600 while still maintaining its multi-month Higher Low.
Ethereum confirms Ascending Triangle top
The trader also noted ETH has proven that the Ascending Triangle top has actually flipped and is now acting as a level of resistance.
ETH price analysis
Currently, Ethereum is trading at $2,808, down 4.83% in the last 24 hours and 3.08% across the previous week, just shy of $200 away from the $3,000 retest, according to CoinMarketCap data. As things stand, the second-largest crypto by market cap has a total worth of $340 billion. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
