Ethereum breaks below key support level, bear flag pattern reappears, raising downward warning

MarsBitNews · 2026-03-30T04:46:16+00:00

Independent analyst Markus Thielen pointed out that Ethereum broke below a key support level, forming a bear flag pattern, with the price around $2004. Market trading volume is sluggish, participation is lacking, the new DeFi cycle has not started, USDC minting has slowed down, liquidity improvement is unstable, and demand support is limited.

MarsBitNews

2026-03-30 04:46:16

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According to Mars Finance, independent analyst Markus Thielen has analyzed that Ethereum has broken through a key technical support level and is currently showing a bearish flag pattern, with prices nearing $2004. This pattern is highly similar to the trend seen this year, and caution is advised as this pattern may repeat. On the funding side, market trading volume remains sluggish, with insufficient participation. Ethereum ETFs have seen continuous net outflows since last year, with no recent improvement. On the fundamental side, the new cycle of DeFi has not yet started, and there are no obvious signs of a rebound in on-chain activities. Recently, the minting volume of USDC has significantly slowed down and has turned into net outflows, with liquidity improvements within the ecosystem still unstable and structural demand support remaining limited.

ETH3.19%

USDC0.01%

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