{"id":40525,"date":"2026-01-26T19:58:47","date_gmt":"2026-01-26T19:58:47","guid":{"rendered":"https:\/\/financialrush.com\/?p=40525"},"modified":"2026-01-26T19:58:47","modified_gmt":"2026-01-26T19:58:47","slug":"ethereum-eth-risks-dumping-another-40-if-this-key-level-is-lost","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40525","title":{"rendered":"Ethereum (ETH) Risks Dumping Another 40% if This Key Level Is Lost"},"content":{"rendered":"

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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

Breakdown Pattern Raises Risk<\/h2>\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

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$ETH<\/a>\/3-day#Ethereum<\/a> is breaking down from a Bear Flag, targeting $1,666
\n\"\u23f0\" It has 1 day and 19 hours to reclaim above $2,906 to avoid this breakdown. pic.twitter.com\/1Q5XZjg1qP<\/a><\/p>\n

\u2014 Trader Tardigrade (@TATrader_Alan) January 26, 2026<\/a><\/p>\n<\/blockquote>\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

ETH\/BTC Pair at Key Area<\/h2>\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

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\u201cIt would be enormously important to be holding this level,\u201d van de Poppe said.<\/p>\n<\/blockquote>\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>\n