Ethereum ມີຄວາມສ່ຽງ 35% ຫຼຸດລົງໃນເດືອນມິຖຸນາດ້ວຍລາຄາ ETH ຢືນຢັນການປອມແປງ 'ສາມຫຼ່ຽມໃຫຍ່ຂຶ້ນ'

ເຄື່ອງໝາຍເດີມຂອງ Ethereum Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern.

ETH price breakdown ahead?

Ether’s price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias.

Interestingly, the Ethereum token wobbled in the proximity of a rising trendline that constitutes an ຮູບ​ແບບ​ສາມ​ຫຼ່ຽມ​ຕັ້ງ​ຂຶ້ນ​ in conjugation with a horizontal line resistance.

To recap, ascending triangles are typically continuation patterns. That being said, Ether’s price was trending lower before forming its ascending triangle, raising its chances of a breakdown in the next few weeks. 

Another bearish sign comes from Ether’s fake out move more than a month ago.

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.

ETH/USD weekly price chart featuring ‘ascending triangle’ setup. Source: TradingView

As a rule, breaking below the Triangle’s lower trendline puts the downside target at a length equal to the triangle’s maximum height, or the area between $1,820 (-35%) and around $2,160 (-30%), depending on the breakout point. 

Institutional ETH outflows

Meanwhile, accredited investors have been withdrawing money out of Ethereum-based investment products in 2022, according to the latest CoinShares report.

ທີ່ກ່ຽວຂ້ອງ: Solana ປະສົບກັບໄຟທີ່ 7 ໃນປີ 2022 ໃນຂະນະທີ່ bots ບຸກໂຈມຕີເຄືອຂ່າຍ

In detail, about $169 million had already left Ethereum funds until April 22. In contrast, Ethereum’s layer-1 competition, including Solana (SOL) ແລະ Avalanche (abax), alongside its rival for the top position, Bitcoin (BTC), witnessed capital inflows.

Institutional flows (by assets) as of April 22. Source: CoinShares

The Digital Trend, ນັກວິເຄາະທີ່ມີນາມສະກຸນຢູ່ Seeking Alpha, ການໂຕ້ຖຽງ that investors have been repositioning their capital to gain exposure to funds associated with Ethereum’s blockchain rivals, namely, Solana, Avalanche, Terra (LUNA) ແລະ Algorand (algo).

ຄວາມຄິດເຫັນແລະຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ນີ້ແມ່ນພຽງແຕ່ຂອງຜູ້ຂຽນແລະບໍ່ ຈຳ ເປັນຕ້ອງສະທ້ອນເຖິງທັດສະນະຂອງ Cointelegraph.com. ທຸກໆການລົງທືນແລະການເຄື່ອນໄຫວການຄ້າແມ່ນກ່ຽວຂ້ອງກັບຄວາມສ່ຽງ, ທ່ານຄວນ ດຳ ເນີນການຄົ້ນຄ້ວາຂອງທ່ານເອງເມື່ອຕັດສິນໃຈ.