As per the analysis of Captain Faibik, ETH is exhibiting a descending broadening wedge pattern on the 4-hour chart. This pattern is associated with a mega bearish trend and it hints at a buying opportunity for traders. It was observed that ETH surged past $4k on 12th March and then dipped below $3,100 on 20th March. Currently, it is at the verge of breakout with a potential to hit $4000.