Ethereum Nears Critical Breakout Point as Analyst Eyes $1.6K or $4.8K Move

Ethereum (ETH) is sitting at a crossroads that, according to a popular analyst, could define the next major chapter for the second-largest cryptocurrency. That call landed as the asset slipped almost 4% in 24 hours, failing at the $2,400 range while facing growing pressure from short sellers betting against a near-term recovery. What the Weekly Chart is Telling Us Crypto analyst EGRAG CRYPTO posted a detailed breakdo…