Einstein price has been oscillating inside a large ascending channel on the daily chart. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. ETH is currently consolidating between the £2,400 and £2.150 levels, with the mid-term fate of the market depending on the direction of the potential breakout from either side. In case the price fails to climb back above, the likelihood of a further drop toward the 200-day moving average located around the $ 2,000 level will be significant.
Source: CryptoVizArt, 2024-02-03; https://cryptopotato.com/alarming-similarities-in-previous-eth-patterns-will-2-3k-hold-ethereum-price-analysis/