$ETH Title: Ethereum (ETH): A Bearish Flag Forms as Network Momentum Cools and Catalysts Fade
Paragraph: Ethereum is etching a concerning bearish flag pattern, signaling that its recent consolidation may be a pause for distribution rather than a platform for recovery, as the network faces a confluence of technical and fundamental headwinds. This pattern—a shallow upward drift following a sharp decline—suggests that the limited buying activity is being systematically overwhelmed by selling pressure, reflecting fading momentum after its post-upgrade rally. While Ethereum’s long-term fundamentals remain robust, the short-term outlook is clouded by slowing growth in Layer 2 activity, a notable decline in network revenue and fee burn, and persistent uncertainty around the approval and impact of spot Ethereum ETFs. With competitive Layer 1 and Layer 2 chains capturing developer attention and user activity, the bearish flag warns that unless ETH sees a surge in on-chain demand, a clear regulatory win, or a major ecosystem catalyst, it remains at risk of a breakdown. Such a move would likely see Ethereum retest lower support levels as the market recalibrates its valuation in a more competitive and liquidity-sensitive environment.$PIPPIN $POWER
