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

Odaily · 2026-03-30T04:40:19+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.

Odaily

2026-03-30 04:40:19

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Odaily Planet Daily reports that BIT announced on platform X that Ethereum has fallen below a key technical support level and is currently displaying a bearish flag pattern, which typically indicates that the downtrend may continue. It pointed out that a similar structure appeared in January this year, after which the price significantly retraced.

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

ETH3.01%

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