Ethereum Price Drop: Could a Descending Triangle Signal Further Decline?

Crypto market volatility continues as total 24-hour liquidations reached $655 million, with both long and short positions experiencing significant losses. Ethereum (ETH) is facing renewed downward pressure, declining back below the $4,100 mark after a temporary surge to a new high of $4,109 earlier in the day. Technical analysis suggests that further bearish trends may be brewing on lower timeframes.