🔻 ETH on the Brink: Classic Reversal Ahead? 🔺
🚨 Ethereum (ETH/USD) just printing a textbook Head & Shoulders pattern on the 1H chart — a structure that often signals trend reversal from bullish to bearish.
🧠 Here's the breakdown:
Left Shoulder is clearly established.
The Head rejected sharply from the $2,680–$2,720 zone (noted supply and imbalance/FVG).
Price action has broken structure (🔴 BOS) and confirmed change of character (CHoCH) — suggesting the bulls are losing steam.
🔍 What’s next?
📈 We could see a short-term pullback to the neckline zone (~$2,595), possibly filling a nearby FVG.
📉 If the neckline fails to hold, the measured move target aligns with the $2,420–$2,360 demand zone (highlighted in blue).
⛏️ Further breakdown could test $2,300 support.
📉 Bias: Bearish until bulls reclaim the neckline with conviction. Structure, volume, and FVGs are favoring a downside continuation.
🧩 Watch List:
Neckline retest at ~$2,595.
Support reaction at ~$2,420.
Bearish continuation confirmation below $2,360.
💬 Are you trading this pattern or waiting for confirmation? Drop your thoughts ⬇️