$ETH

Despite this, Ethereum remains in a downtrend on long-term charts, with no definitive signs of reversal. A daily close above $2,142 is essential to initiate a possible recovery and break the pattern of lower highs and lows.

However, the anonymous trader Rektproof warns of an emerging bearish fractal — a repetitive price pattern that previously led to declines. This suggests that Ethereum may face new rejection and fall below $1,400 if the markets fall again.