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\u2013$2,800. It has yet to recover with strength.<\/p>\n
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.<\/p>\n
The post notes that Ethereum must close above $2,906 soon to avoid a larger drop. \u201cIt has 1 day and 19 hours to reclaim above $2,906 to avoid this breakdown,<\/em>\u201d the analyst wrote. If the breakdown holds, the target is around $1,666 based on the earlier move.<\/p>\n $ETH<\/a>\/3-day#Ethereum<\/a> is breaking down from a Bear Flag, targeting $1,666 \u2014 Trader Tardigrade (@TATrader_Alan) January 26, 2026<\/a><\/p>\n\n Another analyst, Ted, posted<\/a> that Ethereum is trading flat near $2,900 after a strong selloff earlier. Open interest is rising, reaching 5.255 million, showing more positions are being opened despite the sideways price.<\/p>\n Funding remains slightly positive at 0.0011, but it has dropped, showing cooling interest. \u201cOld degens got liquidated, and now new ones have arrived,<\/em>\u201d the post added. The rise in open interest while the price holds steady could mean traders are preparing for the next move.<\/p>\n Micha\u00ebl van de Poppe, founder of MNF Fund, shared<\/a> a chart of ETH against Bitcoin. ETH\/BTC is holding a support level that has been important before. The price is sitting in a higher timeframe zone, though it is now below the 21-day moving average.<\/p>\n \u201cIt would be enormously important to be holding this level,\u201d van de Poppe said.<\/p>\n If the support holds, ETH could gain against BTC. If not, the chart points to lower levels ahead.<\/p>\n Meanwhile, CW pointed out<\/a> that the current ETH price range matches previous whale accumulation zones. \u201cThe current price is an attractive range for Ethereum whales,<\/em>\u201d they noted. The realized price of large accumulation wallets is close to the current level.<\/p>\n However, data from analyst Ali Martinez shows<\/a> a steady drop in whale holdings since early January. Ethereum ETFs have also posted losses recently. Price weakness and reduced holdings suggest caution remains across larger accounts.<\/p>\n The post Ethereum (ETH) Risks Dumping Another 40% if This Key Level Is Lost<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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\u2013$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 […]<\/p>\n","protected":false},"author":0,"featured_media":130071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-130070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130070"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130070"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/130070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/130071"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n It has 1 day and 19 hours to reclaim above $2,906 to avoid this breakdown. pic.twitter.com\/1Q5XZjg1qP<\/a><\/p>\nETH\/BTC Pair at Key Area<\/h2>\n