Last Chance for Ethereum? ETH Price Pattern Breaks Down as $4K Must Hold
The post Last Chance for Ethereum? ETH Price Pattern Breaks Down as $4K Must Hold appeared on BitcoinEthereumNews.com.
Key takeaways: ETH risks a 15% correction toward $3,560 after breaking below its symmetrical triangle pattern. Bulls must defend the ascending trendline support to avoid a deeper decline. Ethereum’s Ether (ETH) token price has plunged by more than 7.50% this week, led by de-risking sentiment across the crypto market. ETH/USD daily price chart. Source: TradingView Moreover, technical analysis shows that the ETH price drop has triggered a classic bearish reversal setup that risks more downside ahead. Ether price risks 15% drop in the near term Ethereum’s breakdown from the symmetrical triangle tilts the short-term outlook bearish. Typically, such patterns resolve in the direction of the prevailing trend, but a downside breach can flip the pattern into a reversal signal. The measured move from this triangle setup points toward $3,560, suggesting ETH could fall another 15% from current levels before October if selling pressure persists. ETH/USD daily price chart. Source: TradingView The target falls in the support range that analyst Michaël van de Poppe highlights. In his Tuesday post, the chartist discusses the prospects of the ETH price falling inside the $3,550-$3,750 area, noting the 20-week exponential moving average (20-week EMA; the blue wave in the chart below) at around $3,685. ETH/USD weekly price chart. Source: TradingView/Michaël van de Poppe “Compression is building up –> Big move to occur at a later time,” Poppe says, adding: “It’s now down nearly 20% from the high, not a bad spot to be accumulating your first positions.” The bulls have one line of defense despite the triangle breakdown setup. ETH is hovering near a rising trendline that has underpinned its uptrend since April, and preceded 90%-125% rallies. ETH/USD daily price chart. Source: TradingView A bounce from the trendline, followed by a decisive close above the 50-day exponential moving average (50-day EMA; the red wave)…
Filed under: News - @ September 24, 2025 12:19 am