Ethereum price confirms inverted H&S as staking queue soars
Ethereum price could be preparing a strong rebound after forming a giant hammer candle and confirming the inverted head-and-shoulders chart pattern as the staking queue jumps to a record high.
Ethereum (
$ETH ) token was trading at $2,080, up sharply from last week’s low of $1,738. This price is much lower than the all-time high of nearly $5,000.
The ongoing Ethereum crash is notable as it is happening when the token has some of the best fundamentals ever. For example, more investors are delegating their coins to staking. Data shows