Ethereum has broken below a key trend line and the head-and-shoulders neckline, signaling a potential bearish move. Based on backtesting, there’s a 75% chance of a brief rebound followed by further correction. If ETH fails to reclaim the neckline, the downtrend may continue. A theoretical path could see a bounce to $2,520, then a drop to $2,360–$2,290 before any meaningful recovery.
We exited ETH, Ray, and Pepe in time and shorted BTC — results have been strong. We'll look to re-enter once the market shows signs of bottoming. Stay cautious and patient.
