ETH MAXI

Ethereum Price Could Fall to $3K After Breaking $4K
🔸 After Ethereum (ETH) failed to break the key resistance of $4K, analysts are concerned about the possibility of a price drop to $3K.
🔸 A look at the daily chart shows that significant selling pressure in the $3,700-$3,800 range has caused the price to retreat.
🔸 On the 4-hour chart, the formation of a triple top pattern in the $4K range along with a bearish divergence in the RSI indicator indicates a decrease in buyers' power.
🔸 Anchin's analysis also indicates a significant decrease in the funding rate after breaking the $4K level, which could be a sign of reduced demand in the derivatives market.

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It didn't work well for now, we'll see later. 😊
120 $degen