Ethereum risks drop below $3.2K as ETH price faces heavy resistance By Cointelegraph

Ethereum’s native token Ether (ETH) is vulnerable to falling beneath $3,200 within the coming classes as its rally comes face-to-face with a powerful resistance zone.

Intimately, the value of Ether swelled by nearly 22% on a month-to-date timeframe within the wake of a market-wide value rally. That pushed the second-largest cryptocurrency by market capitalization from beneath $3,000 to above $3,650 within the first eight days of October, triggering extra bullish forecasts.

4H value chart that includes bearish confluence. Supply:
ETH/USD each day value chart displaying the descending trendline resistance. Supply:
ETH/USD 4H value chart that includes a possible inverse head and shoulders sample. Supply: