From $3,450 to $2,921 as of this writing, Ethereum's price has dropped 14% in the previous few days. ETH also fell below its intraday low of $2,800 after losing crucial support at $3,000.
Consequently, the cryptocurrency tossed aside all of its mid-May rally gains, as ETH solidified the falling wedge pattern. Although Ethereum is not anticipated to experience any additional declines, the altcoin is likely to experience fluctuations within the 23.6% and 38.2% Fibonacci levels.
