Oh, Ethereum’s price has been on a downward spiral so dramatic, it could give a reality TV show a run for its money. Investors, ever the drama queens, have been rushing to offload their coins like they’re at a Black Friday sale-only to find out the deals were fake. The sell-offs? A masterclass in panic, with everyone convinced the sky is falling (again). And guess what? The early sellers might just be the winners of this particular game of musical chairs.
Technical Patterns Show Where Ethereum Is Headed Next
According to crypto analyst Melikatrader, Ethereum is currently playing hide-and-seek with a symmetrical triangle pattern so tight, it could fit in a teacup. The price has been chugging along below $2,000, which is basically the crypto equivalent of “I’m not okay, but I’m pretending to be.” The real drama? The $1,977 level, where Ethereum is acting like it’s trying to decide whether to cry or throw a tantrum. Spoiler: the bears have taken over. They’re the new kings of the altcoin kingdom.
So, the triangle is tightening, and the apex is in sight. It’s like watching a suspenseful thriller, but with less plot and more math. The price needs to make a move-either up, down, or into a deep sleep. But let’s be real: the odds of a bullish surprise are lower than a penguin’s chances of winning a beauty pageant.
The analyst’s verdict? A bearish breakdown is the only game in town. If Ethereum dares to fall below $1,912, expect a parade of red numbers. It’s the crypto equivalent of a “Game Over” screen, but with more sighs and fewer high scores. Once that happens, the next stop is $1,781-a level so low, it’s practically a time machine to 2018.
“Keep a close eye on the lower boundary,” the analyst says, because nothing says “excitement” like watching your investments vanish. “If that support snaps, we’ll see a swift move toward $1,780. Stay patient and wait for the confirmation.” Translation: “Pray this doesn’t go sideways, and don’t ask for a refund.”
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2026-02-23 09:21