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Ethereum (ETH) 
$2,677 is currently experiencing a risk of value loss, as technical analysis indicators suggest. Analysts note that a pronounced double top formation on the weekly chart is signaling a downturn. Ethereum, trading at $2,231, may drop to the $1,500 range if it loses critical support levels.
Warning: Double Top Formation in Technical Analysis
The double top formation, which has become evident on the weekly chart, is interpreted by analysts as an important technical model indicating weakness in the market. This pattern shows that Ethereum is struggling to maintain certain price levels.
In technical analyses, the $2,100 level is highlighted as a significant threshold. If Ethereum fails to hold above this level, the first support area is identified in the range of $1,600-$1,700. At lower levels, the $1,500-$1,600 band is viewed as a critical threshold.
Analysts remind that this technical model operates similarly in Bitcoin 
$104,208 and other assets, emphasizing the need for caution among market participants. They highlight the importance of careful risk assessment in the current market climate.
Analysts Highlight Downward Scenario Risks
Analyst Jason Pizzino has issued a warning regarding Ethereum’s price movements. He stated that persistent trading below the $2,100 level could lead to deeper losses.
If support levels are lost, selling pressure may increase, targeting the $1,500-$1,600 range. Despite Ethereum showing a 2.4% gain in the last 24 hours, long-term risks remain evident in technical analyses.
In analysis videos reaching 349,000 viewers on YouTube, it is noted that investor behavior is influenced not only by technical indicators but also by economic and global developments. Analysts recommend that investors carefully monitor price movements to minimize risks in the market.
