Ethereum just flashed a major warning sign.
A bear pennant has formed on the daily chart — and that pattern often comes before a sharp drop. If ETH falls below $1,950, the next target could be around $1,100. That’s a potential 43% plunge from here.
One key level to watch: $1,800.
If that breaks, things could move fast.
The Network Is Slowing Down
The charts aren’t the only red flag.
Daily transactions just dropped 33%.
DEX trading volume collapsed from $3.7B to $1.5B.
Investors pulled out $85 million from Ethereum products.
Less activity. Less money flowing in. More pressure building.
Momentum is fading.
Support levels are under threat.
Confidence is slipping.
If key levels crack, Ethereum could be staring at a brutal move lower — and $1,100 suddenly doesn’t look so far away.
