Ethereum price risks dropping to $2K on ‘bear flag’ setup By Cointelegraph

Ethereum’s native token, Ether (ETH), will extend its 30% slump this year to the lowest price level since July 2021, if a textbook technical indicator plays out.

ETH’s price fell to its six-month low of $2,159 on Jan. 24, 2022, only to rebound sharply to as high as $2,724 days later. However, this created a so-called “bear flag” chart pattern that suggests the price could drop to $2,000 or a 17% drop from current levels.