Ethereum Price Analysis: Bearish Flag Pattern Suggests Potential Drop to $3050

Ethereum Price Prediction

Ethereum is expected to hit $3050 even in the face of a bearish chart pattern called a "bearish flag pattern." This pattern suggests a continuation of the current downtrend. The pattern emerges after a sharp downward price movement, followed by a consolidation phase characterized by a flag-shaped pattern with parallel trend lines sloping upwards.