$ETH is struggling to regain ground after a brutal sell-off
explains that a bullish pattern on Ethereum’s six-hour chart prompted him to make the aforementioned purchase.
With that being said, he has cautioned his followers that this is not a “high confidence trade,” adding that the timing of his purchase might not be the best.Congressman Slams SEC for Rejecting Fidelity's Bitcoin ETF Ethereum plunged to an intraday low of $2,160 this Monday amid an ongoing cryptocurrency market correction. On Wednesday, the cryptocurrency surpassed $2,700 during a relief rally only to swiftly give up its gains. Ethereum is currently trading at roughly $2,400 on major spot exchanges.
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