Ethereum's Ether is facing a crucial moment as it tests a key trendline support that historically has led to rallies of 90% to 125%. The current technical setup shows that ETH has broken below its symmetrical triangle pattern, suggesting a potential 15% decline towards $3,560 unless buyers can maintain support. Analysts highlight that the price drop has created a bearish reversal signal, exacerbating bearish sentiment across the market. Despite a recent 7.5% drop this week, ETH is around a trendline that could propel it towards a target of $4,600 to $4,700 if it can recover above the 50-day exponential moving average. Furthermore, some analyses suggest that if Ethereum bounces back, it could set a course for a significant rally towards $7,000, representing over a 65% gain by the end of 2025. The focus now remains on the $4,000 level as critical support that must hold to avert further declines.

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