Ethereum near $2,900; bear flag signals ~40% downside if $2,906 breaks

Ethereum is hovering near $2,900, down 1% on the day and over 10% this week. Analysts flag a 3‑day bear flag and say a close back above $2,906 is needed to avert downside, with a pattern target near $1,666. Derivatives metrics show open interest at 5.255 million and funding at 0.0011.