Ethereum breaks below key support level, the reappearance of the bearish flag pattern raises downward caution
According to independent analyst Markus Thielen, Ethereum has broken through a key technical support level and is currently showing a bearish flag pattern, with prices touching around $2004. This pattern is highly similar to this year's trend, and caution is advised as this pattern may reoccur.
On the funding side, market trading volume remains sluggish, with insufficient participation willingness. Ethereum ETFs have continued to see net outflows since last year, with no recent improvement. On the fundamental side, the new cycle of DeFi has not yet started, and there are no obvious signs of recovery in on-chain activity. Recently, the minting volume of USDC has significantly slowed down and turned into net outflows. The improvement in liquidity within the ecosystem is still not stable, and structural demand support remains limited.
You may also like

Polymarket Fee Surge Explained: Where Did 90%+ of Extreme Fees Come From?

Event Notice: Prompting Pop Culture | Super Creator Live

Claude Code Leak Deep Dive, What's Next for Anthropic?

Buffett's Latest Interview: Sold Apple Too Early, But It's Not Yet Time to Buy the Dip

Will Middle Management Be Eliminated by AI? What Will the Company Structure of the Future Look Like

Google Issues Warning: Cryptocurrency Industry Must Transition to Post-Quantum Cryptography

Claude's 18 Electronic Pets Go Live, Tamagotchi Song in Terminal

Rhythm X Zhihu jointly hold a Web4.0-themed event: When AI Agent Takes Over On-Chain Governance

Aster This Year: From Staking Protocol to Public Chain, Leonard and His Three Bets All In

EthCC Cannes News Flash: When Bankers Stepped Into the Developer's Den

The Exit Signal is Pricier Than the Entry Signal | Rewire News Morning Brief

Claude Code 500K Lines Code Leak Fully Organized, What's the True Core of the AI Agent?

Bitcoin Enters Bond Market, Moody's Provides First-Ever Rating for Global Cryptocurrency-Backed Bond

A Country Wagering 9% of Its GDP on Bitcoin

Analyzing Claude Code Source Code: Why is It Better Than Other AI Programming Tools?

Is the "Quantum Threat" Imminent, and How Much Time Does Bitcoin Have Left?

Morning News | Nasdaq will eliminate the 10% minimum float requirement next month; OpenFX completes $94 million financing; Coinbase establishes "Next Bets" internal venture capital program

