$ETH Ethereum Price Update: Correction or Crash?
Ethereum's price has been on a rollercoaster lately!
After reaching a high of around $4,000, it's been experiencing a correction.
Right now, it's consolidating between $3,000 and $3,600.There have been attempts to break above $3,600 but no luck so far.
What's next?
Experts are divided. If the price falls below $3,000, it could potentially crash further, down to around $2,400.But, if it rebounds from $3,000, it could climb back to $3,600 or even higher.
Short-term outlook seems bearish:
Looking at the 4-hour chart, the price action is choppy.
Several attempts to break above $3,600 have failed. The trend suggests lower highs and lows, indicating a potential drop.