The post Classic Chart Pattern Signals ETH Could Slip Below $2K appeared on BitcoinEthereumNews.com.The price of Ethereum’s native token, Ether (ETH), risks sliding below $2,000 in February as a classic bearish setup plays out. Key takeaways: ETH breakdown keeps $1,665 downside target in focus. MVRV bands also point to price sliding toward $1,725 or lower before a potential bottom. ETH/USD daily chart. Source: TradingView ETH risks declining 25% in February As of Wednesday, ETH had entered the breakdown stage of its prevailing inverse-cup-and-handle (IC&H) pattern. This could extend a downtrend that has already erased about 60% from its August 2025 peak. An IC&H pattern forms when price forms a rounded top and then drifts higher in a small recovery channel. It typically resolves when the price breaks below the neckline support, often falling by as much as the cup’s maximum height. Ether broke below the inverse cup-and-handle neckline near $2,960 in January. It later rebounded to retest that level as resistance, a common post-breakdown move, only to resume its decline. Ether inverse cup-and-handle. Source: TradingView ETH’s rebound also stalled below the 20-day (green) and 50-day (red) EMAs, which acted as overhead resistance. These confluence indicators raised ETH’s odds of declining toward the IC&H breakdown target at around $1,665, down 25%, in February or by early March. Historically, the inverse cup-and-handle hits its projected downside target with an 82% success rate, according to a study by Chartswatcher. From a macro perspective, Ethereum’s downside risk is increasing as traders cut back on crypto bets, worried the market could slip into a broader 2026 downturn similar to past “four-year cycle” pullbacks. Fears of an “AI bubble” popping are also forcing traders to avoid riskier bets such as crypto. Ethereum’s MVRV bands hint at $1,725 target Ethereum’s technical downside target sat just below the lowest boundary of its MVRV extreme deviation pricing bands, currently at $1,725. These…
