Ethereum’s price has broken crucial support levels, signaling a strong downward bias driven by both technical triggers and macroeconomic pressures.
Key Bearish Drivers
1. Bear Flag Pattern
A prolonged consolidation following a sharp drop has formed a classic bear flag—often a precursor to a renewed decline. If Ethereum fails to reclaim the $2,865 resistance and remains trapped in this formation, it could fall sharply toward the bear flag target near $2,135