Ethereum could face a significant correction if it breaks the $3,400 support level, according to trader Ali Charts. What Happened: On Monday, Ali Charts tweeted a warning to traders about a potential bearish scenario for Ethereum (CRYPTO: ETH). If the cryptocurrency breaches the $3,400 support level, it could confirm a bear pennant formation on the daily chart, potentially triggering a major correction down to $2,800. In trading, you must always be prepared for the best and the worst! The most brutal scenario for #Ethereum right now is breaching the $3,400 support level. ...Full story available on Benzinga.com