{"id":16562,"date":"2025-11-25T08:13:04","date_gmt":"2025-11-25T08:13:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-a-giant-bearish-rounded-top-pattern-is-it-about-to-crash\/"},"modified":"2025-11-25T08:13:10","modified_gmt":"2025-11-25T08:13:10","slug":"ethereum-price-forms-a-giant-bearish-rounded-top-pattern-is-it-about-to-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-a-giant-bearish-rounded-top-pattern-is-it-about-to-crash\/","title":{"rendered":"Ethereum price forms a giant bearish rounded top pattern, is it about to crash?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum has been in a downtrend for over four weeks, forming what appears to be a bearish rounded top that suggests it may be at risk of further losses in the coming weeks.<\/p>\n<div id=\"cn-block-summary-block_8187913eb0207d17916bdd5bfd22dbe1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price is down by 41% from its year-to-date high.<\/li>\n<li>Bearish macro catalysts resulting in weak demand have kept ETH price under pressure.<\/li>\n<li>A multi-month rounded top pattern could put its price at further risk.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) has been mostly in a free fall since Oct. 28, dropping 29% which extends to 41% from its year-to-date. Trading at $2,926 at press time, the leading altcoin in the crypto space has managed to see a slight rebound and is up 2% over the past day.<\/p>\n<p>Ethereum price declined amid a broader market correction in which Bitcoin (BTC) fell significantly below the $100k support level amid macroeconomic concerns, including a hawkish statement from U.S. Federal Reserve Chair Jerome Powell regarding further rate cuts. This spooked traders and led to a flight from risky assets.<\/p>\n<p>The Fear and Greed <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"nofollow\">Index<\/a>, which traders use to gauge market sentiment, reached an \u201cExtreme Fear\u201d level by mid-November. This widespread fear triggered a wave of liquidations, which created additional selling pressure across major cryptocurrencies, including Ethereum.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The second-largest crypto asset by market cap also fell as demand for its spot ETFs has waned. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from SoSoValue shows that the nine U.S. spot Ether ETFs have seen over $2.1 billion in net outflows since mid-October.<\/p>\n<p>While some entities like BitMine have stepped up their Ethereum accumulation with a sizable purchase, the broader investor sentiment still looks weak. Momentum remains fragile, and Ethereum could very well slip further into lower support zones if selling pressure persists.<\/p>\n<h1 class=\"wp-block-heading\">Ethereum price analysis<\/h1>\n<p>On the daily chart, Ethereum\u2019s price downtrend that began in early October has shaped up into a multi-month rounded top pattern, which typically tends to be a precursor for extended bearish momentum.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ethereum price has formed a bearish pattern on the daily chart \u2014 Nov. 25 | Source: crypto.news<\/figcaption><\/figure>\n<p>For instance, Solana (SOL) experienced a plunge of nearly 49.9%, falling from its September high of $247.56 to a low of $124, as it formed such a pattern on its charts.<\/p>\n<p>At press time, the altcoin\u2019s price was testing a breakout from the rounded top pattern after it turned the $2,750 level into support, a level that had previously acted as key resistance multiple times since 2024.<\/p>\n<p>However, a point of concern for investors is that even if Ethereum\u2019s price manages to break out of the pattern, the resulting offshoot could lead to the formation of a handle. This could eventually lead to an inverse cup and handle setup, which is often regarded as a more severe bearish continuation structure that could spook short-term traders.<\/p>\n<p>For now, traders should keep an eye on $2,230, which forms the next key support level to watch. The level has acted as a strong demand zone in the past, providing a solid base during multiple consolidation phases and rebounds earlier in the cycle. At press time, this support level is approximately 24% below the current price.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has been in a downtrend for over four weeks, forming what appears to be a bearish rounded top that suggests it may be at risk of further losses in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16562"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16562\/revisions"}],"predecessor-version":[{"id":16563,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16562\/revisions\/16563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11571"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}