$ETH Recognizing an ETH Bearish Flag
A bearish flag on Ethereum's (ETH) chart is a continuation pattern that warns of a likely resumption in selling pressure following a short-lived consolidation.
The pattern emerges after a sharp downward move, forming the flagpole. The consolidation phase appears as a slight, upward-sloping channel, reflecting temporary buyer relief. Critically, trading volume often diminishes during this period.
The bearish trend is confirmed when ETH's price breaks decisively below the flag's lower support trendline. This breakdown, especially on rising volume, projects a further decline typically matching the height of the initial flagpole.
Ultimately, this pattern suggests that the underlying downtrend remains strong and poised to continue its downward trajectory.$PIPPIN $POWER
