Ethereum Price Analysis

Ethereum could be done with its selloff as price is forming an inverse head and shoulders pattern on the 4-hour time frame. Price has yet to test the neckline around $625-650 and break higher to confirm that a reversal will take place. However, the 100 SMA is still below the longer-term 200 SMA to suggest that the path of least resistance is to the downside. The gap between the moving averages is…