NEWSLETTER
The price of ethereum remains in a bearish market, and three patterns of risky graphics suggest that you can experience an accident of 20% soon.
ethereum (eth), the second largest coin in crypto, retired to $ 2,670 on Monday, in more than 35% from its highest level in December.
His performance occurred, since he faced substantial competition in the blockchain industry. Most of this competition comes from popular Cap-1 networks such as Berachain (Bera), Solana (Sol) and BNB Smart Chain (BNB).
ethereum is also losing market share of Blockchains of layer 2 as the base and the referee, which have become popular due to their lower costs. For example, the DEX protocols in ethereum managed the volume worth $ 81 billion in the last 30 days, while the base (base) and the referee (ARB) processed $ 35 billion and $ 28 million, respectively.
Third <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot” target=”_blank” rel=”nofollow”>data It shows that ETF of ethereum are not attracting as many tickets as expected. They experienced outings in the last two days of the market, which have brought the total cumulative to $ 3.15 billion. In contrast, bitcoin ETFs have accumulated almost $ 40 billion in tickets.
ethereum's daily negotiation has also continued to fall, moving to $ 126 billion, since December of $ 330 billion. Their income has also continued to fall, passing to $ 5 million on Sunday, less than more than $ 58 million in November last year.
In addition, the open interest of ethereum Futures has crashed since its maximum 2024. It has an interest of $ 23.3 billion, below the maximum of $ 35 billion of this month.
<img loading="lazy" decoding="async" width="2756" height="831" src="https://crypto.news/app/uploads/2025/02/ethereum-Open-Interest.jpeg” alt=”ethereum open interest”/>
ethereum price patterns point to more inconveniences
<img loading="lazy" decoding="async" width="1024" height="569" src="https://crypto.news/app/uploads/2025/02/ethereum-Price-6-1024×569.png” alt=”The price of ethereum forms 3 risk patterns, risking an accident of 20% – 1″/>
The daily table shows that ethereum's value may be at risk of more inconvenience. He formed a cross of death on February 9 when weighted mobile averages of 50 days and 200 days crossed each other.
The currency has also formed a growing wedge pattern, which occurs when there are two convergent ascending trend lines. He has also formed a bearish flag pattern, which includes a long vertical line and a triangle.
In most cases, these patterns generally lead to more inconveniences, with the next level to see being $ 2,166, their level below this month. A break below that level will point to more inconveniences, potentially at $ 2,000.
