Ethereum (ETH/USD) Trapped in a Bearish Pattern – What’s Next?

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Ethereum's price action has been showing signs of weakness, with the cryptocurrency recently testing the $1,960 level. While ETH has been trading within a minor bullish channel, this pattern resembles a bearish flag, which is typically a continuation signal for further downside.

Technical Analysis: Bearish Flag Formation

A bearish flag forms when an asset experiences a sharp decline (flagpole), followed by a consolidation phase within a small upward-sloping channel (the flag). This pattern often leads to another breakdown, resuming the main bearish trend.

Currently, Ethereum’s price is hovering near the lower boundary of this minor bullish channel. If the support level is broken, it could confirm the bearish flag and push ETH toward new lows.

Key Levels to Watch

  • Resistance: The recent $1,950 level could act as a short-term resistance.
  • Support: A break below the channel’s support may trigger a deeper decline, potentially sending ETH toward lower support zones.

What’s Next for Ethereum?

If Ethereum fails to hold the support, we could see an acceleration in selling pressure. On the other hand, if bulls manage to defend this zone, ETH might attempt to regain momentum. Traders should keep an eye on price action and volume for confirmation.


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