$ETH Price Prediction 5/16/2024

Another rejection at pattern places us back below 3k and short-term EMAs.

Consolidation between 2878-3125 is still expected until EOW with a 3k close goal.

Note that this keeps us below pattern but may trigger a quick breakout if close goes well.

tradingview.com/chart/gDBkksfy/
Chart PatternsTrend Analysis

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