Bear Flag Pattern Puts Ether’s $1,850 Level in Focus

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ETH/USD weekly chart. Source: Cointelegraph/TradingView

Ethereum’s weekly chart is flashing warning signs as a bear flag formation continues to develop, raising concerns about a potential breakdown.

Technical analysts say the pattern’s measured target sits near $1,850 if key support levels fail. Below the current range, the 200-day moving average around $2,460 and the $2,000 psychological level are seen as intermediate downside targets.

Several traders describe the $2,800–$3,000 area as Ethereum’s “last line of defense” after holding for nearly three months. A clean break below that zone could accelerate selling pressure.

Some analysts note ETH could still avoid a breakdown if it reclaims and holds above $3,000, supported by strong network activity and record staking levels.

[bonk]

reclaiming $3k, even briefly, shows bulls aren’t completely out. network activity + staking levels give some support