Ethereum risks ‘double-bust’ drop despite ETH price rebounding 30% in two weeks By Cointelegraph

© Reuters

It took Ethereum’s native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022.

ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date low of around $2,160, established Jan. 24.

daily price chart featuring ‘symmetrical triangle’ reversal. Source: TradingView
ETH/USD daily price chart featuring double-bust scenario. Source: TradingView
Total number of ETH deposits to ETH 2.0. Source: Glassnode

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