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...