Failed Bullish Pattern Could Send Ethereum Sub-$1000

Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern.
This pattern, however, is possibly failing. A busted pattern target could send the price per ETH sub-$1,000.
Ethereum Ascending Triangle Begins Breakdown: Target $700
Ethereum put in its bear market low back in June of 2022