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Will Ether (ETH) recover ?

Crypto analyst Rekt Capital stated that the Ether ($ETH ) price could fall below $3,000.
The crypto market has witnessed a huge outflow of money in the last few days. Fed Chairman Jerome Powell's statements about interest rates and strategic Bitcoin reserves caused the crypto market, especially $BTC , to decline.
BTC, which fell below $100,000 due to the influence of the US, fell to $93,000 with a big drop. One of the cryptocurrencies most affected by this decline was Ether (ETH). The ETH price fell from $3,894 to $3,183.
According to Rekt Capital, the Ether (ETH) price may remain between two important levels in the near term as it has difficulty holding above $4,000.
ETH, after reaching a peak of $4,077 on December 6, could not hold on to this level.
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The analyst noted the following;
“It is worth watching whether ETH can form a bottom in this region and its surroundings.” The analyst reported that ETH is about to form an inverse head and shoulders formation at current levels, indicating a change in trend. The formation, which means a reversal, is being followed together with the increasing money inflows of ETH supply on exchanges and spot ETH ETFs.