Ethereum Breaks Bear Pennant, $1,500 Level in Focus

[ed]

Ethereum’s native token, Ether (ETH), has entered what technical analysts describe as the breakdown phase of a bearish continuation pattern.

On Monday, ETH fell more than 5.6% to around $1,850 amid broader market de-risking tied to tariff-related uncertainty. In the process, it broke below the lower trendline of a bear pennant formation — a pattern that typically resolves with a move equal to the height of the prior downtrend.

Applying that measure to current price action suggests a downside target near $1,475, placing the psychological $1,500 support level at risk by late February or early March.

To invalidate the bearish setup, bulls would need to reclaim the broken trendline as support and push price back above the 20-day exponential moving average near $2,085. Until then, momentum appears tilted toward further downside.

[cryptobro]

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