Ethereum is experiencing downward pressure as it breaks below a critical trendline within a descending triangle pattern. Analysis from Alpha Trade Scope indicates a bearish trend since the August 2025 peak, with Ethereum's price falling 29% in the fourth quarter of 2025. Currently, Ethereum is trading within a Fair Value Gap between $2,930 and $2,960, facing resistance at $3,000 and support levels at $2,815 and $2,748. A further breakdown could see Ethereum's price drop below $2,800.