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>>Ethereum (ETH) displays a bullish flag pattern, but analysts warn of a critical risk.

Ethereum (ETH) displays a bullish flag pattern, but analysts warn of a critical risk.

crypthub

about 2 hours ago

Ethereum's Struggle to Reclaim $2,000

Ethereum remains below the $2,000 psychological level, with repeated attempts failing due to rejections and corrections. Analyst Ali Martinez notes the formation of a bullish flag but highlights a critical issue—the chart is inverted. This inversion suggests a prolonged downtrend, despite recent price compression within a tighter range. Martinez warns of potential further declines, possibly pushing ETH below $1,400.

Historical Performance and Market Outlook

Daan Crypto Trades observes Ethereum's weak 2026 performance, worse than early 2025. The analyst points to historical strength in March-May but cautions about current market volatility and lack of correlation with risk assets. This uncertainty complicates predictions for a rebound, despite hopes for improvement in the coming months.

ETF Flows and Institutional Activity

Spot ETH ETFs saw net outflows of $113 million last week, contrasting with BitMine’s accumulation. The firm added 45,759 ETH, holding 4.37 million tokens valued at $8.7 billion. However, its position has declined $8 billion due to an average entry cost of $3,820, reflecting ongoing challenges in the Ethereum ecosystem.