$ETH Hits a 13-month low, is Ethereum entering its darkest hour?

Price breaks down, bear flag collapses: In this round of full-network deleveraging chaos, $ETH is experiencing its most difficult moment. Over the past week, it has plummeted more than 21%, directly breaking through the key bullish support levels of $1,700 and $1,600. It is currently struggling around $1,520 - $1,590, hitting a new 13-month low. The classic daily “bear flag structure” has already broken downward, and the bearish trend is fully confirmed.

Short-term fate line:
$1,540 - $1,550 is the current last refuge. If in the next few days it cannot volume sideways or recover above $1,600, the technical support will be lost.

Next station prediction:
Once this range is broken, according to Fibonacci and wave theory calculations, the lower support will collapse directly, and the bulls will have to retreat to the abyss of $1,400 or even $1,070 to find a historical bottom.

On the macro level, the Fed’s rate cut has failed, and funds are being crazily drained by IPOs of AI giants in the US stock market. Ethereum now faces both redemption selling pressure from institutional ETFs and on-chain leverage liquidation, with frequent negative news. #ETH走势分析