$ETH Nevertheless, Ethereum remains in a downtrend on long-term charts, without clear reversal signals. Closing above US$ 2,142 is necessary to initiate a possible recovery and break the pattern of lows and highs.

Meanwhile, anonymous trader Rektproof warns of an emerging descending fractal—a recurring price pattern that has previously led to declines. This suggests that Ethereum may face a downturn again and fall below US$ 1,400 if the markets begin to decline once more.