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Ethereum price risks losing $4K on ‘rising wedge’ breakout fears By Cointelegraph

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A selloff in Ether (ETH) on Nov. 16 has increased the chances of its price falling below $4,000.

ETH plunged 10% to around $4,100 amid an ongoing market correction led by (BTC). In doing so, Ether dropped below its fourth-quarter upward trendline support.

daily price chart. Source: TradingView
ETH/USD daily price chart featuring rising wedge setup. Source: TradingView
ETH/USD three-day price chart featuring ascending triangle setup. Source: TradingView