On March 10, TradingView data showed that the price of Ethereum plunged nearly 20% in the seven days ending March 9, setting the largest weekly percentage decline since November 2022. The sell-off fell below a bull trend line that had begun at lows after the June 2022 collapse of Terra's algorithmic stablecoin UST, which resulted in the loss of wealth to billions of investors. This decisive decline means that Ethereum's nearly three-year bull market trend may be over, with the focus turning to deeper losses, which could fall to support near the September-October 2023 lows, around $1,500. Trend lines help visualize where traders 'money is flowing and where prices are likely to change. The rising or bull trend line represents the level at which demand is expected to be sufficient to avoid further price declines. When the long-term bullish trend line breaks below, as in the case of ETH, it indicates weakening demand, indicating a possible bearish shift in market trends. Falling below the trend line usually prompts other traders to sell, leading to greater losses.