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

© Reuters.

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

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

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