Ethereum prices make up 3 risky patterns, which risk a 20 % collapse

The price of Ethereum remains in the bear market, and three risky style patterns indicate that it may suffer from a 20 % failure soon.

ethereum (EthCrypto, the second largest currency in Crypto, fell to $ 2,670 on Monday, a decrease of more than 35 % of its highest levels in December.

Its performance happened because it faced great competition in the Blockchain industry. Most of this competition comes from the famous first layer networks like Berracein (Pier), Solana (Teller) And Bnb Smart Chain (BNB).

Ethereum also loses its market share to Blockchains Layer-2 such as Base and Irvi, which has become common due to low costs. For example, Dex Protocols on ETAREUM were treated with $ 81 billion in the last 30 days, while the base (base (base)a base) And the definition (Arb) Treating 35 billion dollars and 28 billion dollars, respectively.

A third party Data It indicates that ethereum etfs does not attract the most flow as expected. They suffered from external flows in the last two days in the market, which raised the total accumulating to $ 3.15 billion. On the other hand, the investment funds circulated in Bitcoin accumulated approximately $ 40 billion in flows.

The daily trading volume in Ethereum, as well, moved to 126 billion dollars, a decrease from the highest level in December 330 billion dollars. Its revenues also continued to decline, as it moved to $ 5 million on Sunday, less than $ 58 million in November last year.

Moreover, the open interest of Ethereum was shattered from its highest levels in 2024. It has an interest of 23.3 billion dollars, a decrease from this month’s increase in 35 billion dollars.

ETHEREUM Prices Patterns indicate more negative aspect

The daily chart shows that the value of ETHEREUM may be at the risk of more negative aspect. The death cross was formed on February 9, when the moving averages crossed for 50 days and 200 days.

The currency has also formed a rising wedge style, which occurs when there are two extractive lines. It also formed a declining banner pattern, which includes a long and triangular vertical line.

In most cases, these patterns usually lead to more negative aspect, with the next level of watching $ 2,166, which is the lowest level this month. A lower break from this level will indicate more of the negative side, and perhaps to $ 2000.