Ethereum (ETH) has dropped below the $3,000 mark, trading at approximately $2,920, following a confirmed breakout from a symmetrical triangle pattern. This marks a decline of over 14% from its recent peak near $3,400. Analysts suggest that if the current downward trend persists, ETH could potentially fall to around $2,250 by mid-February, indicating a possible 25% decrease. The bearish sentiment is compounded by the Federal Reserve's decision to maintain interest rates and escalating geopolitical tensions involving Iran, which have heightened market risk-aversion. However, a reversal could occur if ETH reclaims the lower trendline of the triangle as support and surpasses key resistance levels, including the 200-3D EMA at approximately $3,065.