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Ethereum (ETH) Forms a Bullish Flag, But There’s a Major Catch: Analyst

Ethereum continues to battle to reclaim the coveted $2,000 psychological stage, as every try to take action leads to a subsequent rejection and correction.

Popular analyst Ali Martinez weighed in on the asset’s latest efficiency and defined that it’s forming a bullish flag. However, there’s a main catch in his publish, which may truly imply hassle forward for ETH.

The “inverted” bullish flag reveals that ETH has truly been in a constant downtrend for weeks, but it surely has managed to compress inside a tighter vary extra just lately. Martinez believes a greater transfer is within the making, but it surely may push the asset to new native lows of beneath $1,400.

Daan Crypto Trades additionally introduced up ETH’s underwhelming efficiency as of late, indicating that the beginning of 2026 has been worse than the way it moved in early 2025.

The analyst outlined hopes that the biggest altcoin may lastly rebound in the following couple of months, for the reason that March-to-May interval is traditionally extra useful for it.

Another unfavorable improvement throughout the Ethereum investor ecosystem is the online flows throughout the spot ETH ETFs. Last week was within the pink as soon as once more, with roughly $113 million leaving the funds.

On the alternative aspect, BitMine continues to build up. The Tom Lee-chaired firm bought one other 45,759 ETH final week, and now holds 4,371,497 tokens, valued at nearly $8.7 billion. The firm is down $8 billion on its Ethereum place, given its common entry value of $3,820.

The publish Ethereum (ETH) Forms a Bullish Flag, But There’s a Major Catch: Analyst appeared first on CryptoPotato.

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