<ul><li>Ethereum is struggling to reclaim the 200-day MA of $2.7K and forming a double-top pattern, hinting at a potential corrective phase towards $2.2K.</li><li>ETH's Daily Chart shows strong resistance at $2.7K, forming a double-top pattern, pointing towards a short-term correction before a breakout.</li><li>On the 4-Hour Chart, Ethereum's price is within an ascending wedge, signaling weakening momentum and potential pullback to $2.2K.</li><li>Onchain Analysis indicates increased selling activity, with the possibility of a deeper correction to $2.2K unless aggressive selling subsides, paving the way for a bullish breakout.</li></ul>

Ethereum Price Analysis: Is ETH Primed for a ‘Healthy’ Correction?

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