Ethereum Approaches Bearish Triangle Apex

Ethereum is approaching a critical moment in its trading as it forms a bearish triangle pattern, indicating a possible significant breakout. A bearish triangle pattern is a chart pattern that shows a downward trend, formed by drawing two converging trendlines on a price chart. If Ethereum breaks below the lower boundary of this triangle, it could lead to a sharp decline towards the $2,160 target. Let's explore how this pattern might affect Ethereum's price.