ETH Price Faces Bearish Triangle Breakdown: Downside Targets Reach $3,900-$3,700

Ethereum’s price action is characterized by a bearish descending triangle formation on the 4-hour chart, with traders closely watching key support levels. The pattern exhibits repeated rejections from downward trendlines, maintaining stable support around the $4,200 mark. This structure suggests a significant downside move, potentially leading to a break below crucial resistance and triggering algorithmic selling.