The Ethereum price is currently in a bear market and there are three risky chart patterns suggesting that it may experience a 20% crash soon. Ethereum is facing competition from other layer-1 networks like Berachain, Solana, and BNB Smart Chain, as well as losing market share to layer-2 blockchains like Base and Arbitrum. Ethereum ETFs are not attracting as much inflows as expected, while Bitcoin ETFs have accumulated significant inflows. Ethereum's daily trading volume and revenue have been falling, and its futures open interest has also decreased. The daily chart shows that Ethereum may be at risk of more downside, with a death cross, a rising wedge pattern, and a bearish pennant pattern indicating potential further decline to $2,166 or even $2,000.



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