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Ethereum Struggles Near $2,360: Key Indicator Warns of Strong Downside Risk

Ethereum Struggles Near $2,360: Key Indicator Warns of Strong Downside Risk

2026-05-06

Ethereum Struggles Near $2,360: Key Indicator Warns of Strong Downside RiskEthereum is entering a critical phase as mixed signals appear across different timeframes, raising uncertainty over its next direction. As mentioned by crypto analyst ctm_trader, Ethereum experienced 12 consecutive bullish candles on its 12-hour timeframe before it was rejected strongly. The price attempted to break above the breakdown trendline, which previously acted as support, but […]

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