Ethereum (ETH) Risks Dumping Another 40% if This Key Level Is Lost

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Ethereum (ETH) is currently priced at $2,900, down 1% in the last 24 hours and over 10% weekly. A bear flag pattern is identified, indicating potential further price declines as it breaks below key support levels between $2,700 and $2,800.
Ethereum (ETH) is trading around $2,900, down 1% over the last 24 hours and more than 10% weekly. Several days ago, ETH fell below the $3,000 level and recently tested support near $2,700–$2,800. It has yet to recover with strength.
Breakdown Pattern Raises Risk
Analyst Trader Tardigrade shared a 3-day chart showing a bear flag forming on Ethereum. This pattern is characterized by a sharp drop and is usually followed by further downside. The asset is now breaking below the lower support of the flag.
Ethereum (ETH) Risks Dumping Another 40% if This Key Level Is Lost

Share:
Ethereum (ETH) is currently priced at $2,900, down 1% in the last 24 hours and over 10% weekly. A bear flag pattern is identified, indicating potential further price declines as it breaks below key support levels between $2,700 and $2,800.
Ethereum (ETH) is trading around $2,900, down 1% over the last 24 hours and more than 10% weekly. Several days ago, ETH fell below the $3,000 level and recently tested support near $2,700–$2,800. It has yet to recover with strength.
Breakdown Pattern Raises Risk
Analyst Trader Tardigrade shared a 3-day chart showing a bear flag forming on Ethereum. This pattern is characterized by a sharp drop and is usually followed by further downside. The asset is now breaking below the lower support of the flag.

