BIT: ETH breaks below key support level, bear flag pattern may continue the downward trend

SmartContractAuditor · 2026-03-30T03:56:36+00:00

Ethereum has currently broken below a key support level and is forming a bear flag pattern, potentially continuing its downward trend. Trading volume is sluggish, ETF net outflows, USDC minting has slowed, and liquidity recovery is unstable. Overall demand recovery still requires time.

SmartContractAuditor

2026-03-30 03:56:36

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Odaily Planet Daily reported that BIT stated on platform X that Ethereum has fallen below a key technical support level and is currently exhibiting a bearish flag pattern, which typically indicates that the downward trend may continue. It pointed out that a similar structure appeared in January of this year, after which the price significantly declined.

In terms of funding, it noted that trading volume remains sluggish, market participation is insufficient, and Ethereum ETFs have experienced continuous net outflows since September of last year, with no significant improvement recently. At the same time, the minting volume of USDC has slowed and turned into a net outflow, reflecting that the recovery of liquidity within the ecosystem is still unstable. Given the lack of significant recovery in on-chain activity and DeFi demand, the demand for Ethereum will take time to repair.

ETH4.22%

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