Odaily reports that according to TradingView data, the price of Ethereum has plummeted nearly 20% in the seven days ending March 9, marking the largest weekly percentage decline since November 2022. This selloff has broken below the bullish trend line that began after the June 2022 collapse of the Terra algorithmic stablecoin UST, which caused billions in investor losses. This decisive decline suggests the nearly three-year Ethereum bull market may have ended, with the focus shifting to deeper losses that could test support around the September-October 2023 lows of around $1,500. Trend lines help visualize the direction of trader capital flows and where price changes may occur. Rising or bullish trend lines represent demand expected to be sufficient to prevent further price declines. When a long-term bullish trend line is broken, as in the case of ETH, it indicates weakening demand and a potential bearish shift in market trend. Breaking trend lines often prompts other traders to sell, leading to further losses.