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Ethereum price risks losing $4K on ‘rising wedge’ breakout fears -Breaking

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Ether selloff (ETHThe chances that its price will fall below $4000 have increased since Nov. 16.

ETH dropped 10% to approximately $4,100 Despite a continuing market correctionLed byBTC). Ether fell as a result. Below its upward trendline for the fourth quarter support.

Daily price chart. Source: TradingView
Daily price chart for ETH/USD with rising wedge configuration. TradingView
Three-day chart of the USD/ETH exchange rate with ascending triangle configuration. TradingView