The Ethereum price recently ranged low after reaching a new monthly high, showing signs of struggle compared to Bitcoin.
Analyst Gianni Pichichero explained the current trend of Ethereum price, highlighting the formation of lower lows which could lead to a potential price breakdown.
The price increase earlier in the week set a bullish tone, with consecutive red closes signaling a shift towards a bearish sentiment.
Gianni suggests focusing on selling opportunities in the current market to capitalize on possible bearish movements, with a potential risk of Ethereum price crashing below $2,400.