Will Ether (ETH) recover?

Will Ether (ETH) recover?
Crypto analyst Rekt Capital stated that the Ether ($ETH ) price could fall below $3,000.
The crypto market has witnessed a huge outflow of money in the last few days. Fed Chairman Jerome Powell's statements about interest rates and strategic Bitcoin reserves caused the crypto market, especially $BTC , to decline.
BTC, which fell below $100,000 due to the influence of the US, fell to $93,000 with a big drop. One of the cryptocurrencies most affected by this decline was Ether (ETH). The ETH price fell from $3,894 to $3,183.
According to Rekt Capital, the Ether (ETH) price may remain between two important levels in the near term as it has difficulty holding above $4,000.
ETH, after reaching a peak of $4,077 on December 6, could not hold on to this level.
The analyst stated the following in his market report published on December 20: “ETH continues to struggle with the psychological resistance of $4,000.”
Rekt Capital stated that $3,000, a level that ETH last touched on November 9, has become psychological support. According to the analyst, although it has shown a 10 percent recovery after falling to $3,100, the risk of a decline in #ETH continues.
The analyst noted the following;
“It is worth watching whether ETH can form a bottom in this region and its surroundings.” The analyst reported that ETH is about to form an inverse head and shoulders formation at current levels, indicating a change in trend. The formation, which means a reversal, is being followed together with the increasing money inflows of ETH supply on exchanges and spot ETH ETFs.