#FedRateCutComing Ethereum price structures into a rising wedge at $3,200, why a breakdown can occur
Ethereum price trades within a rising wedge at $3,200, a bearish pattern signaling weakening momentum and raising the likelihood of a breakdown toward lower support regions.
Summary
ETH forms a bearish rising wedge as price approaches the $3,200 region.
Loss of the Value Area High and weak volume indicate structural weakness.
Breakdown below the wedge and POC could accelerate a move toward $2,500 support.
Ethereum’s Ethereum
eth
1.42%
Ethereum price has recovered modestly from recent lows, but