It seems that ETH might not stand the red trend. Ethereum’s native token might face a 35% correction if it breaks under its ascending triangle pattern.
) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its"ascending triangle" pattern.Ether's price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias.ascending triangle patternTo recap, ascending triangles are typically continuation patterns.
Notably, Ether broke above its ascending triangle on March 28 only to return to its range a week later — a fake breakout. Flipping the triangle's top to resistance, followed by a period of consistent selling, indicates strengthening bearish momentum, now nearing a breakdown moment.
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