Ethereum price has fallen by over 35% since the beginning of this year. However, a bullish pattern forming on charts now suggests a potential bounce back to earlier levels if confirmed.Summary
- Ethereum remains down over 35% year to date, trading near $2,172 amid macro pressure from geopolitical tensions, inflation risks, and a hawkish Fed outlook.
- A cup and handle pattern has formed on the daily chart, with a breakout above $2,400 potentially opening the path