Ethereum breaks bear flag and targets $1,550, $1,400 support levels

Ethereum tests $1,550 and $1,400 support after bear‑flag breakdown

Ethereum hits a decision zone after a bear‑flag breakdown. $1,550 and $1,400 are in play.

More Crypto Online flags a failed bear flag and a rejection at the yellow trendline. The analyst sees the April B‑wave top as confirmed and a larger C‑wave down in progress source. Any bounce under the trendline looks corrective. No reversal signal yet.

MarketMaestro notes ETH still holds a long‑term trendline and a key monthly Fibonacci level. A monthly close below this area would weaken the setup and raise breakdown risk; a held support with a lower wick would hint at dip accumulation source.

Key levels and signals:
- Supports to watch: $1,550 and $1,400 analysis
- Bearish bias intact while price stays below the yellow trendline analysis
- Monthly close below support increases downside risk; hold with wick suggests accumulation analysis