$ETH
Don't be fooled by Ethereum's current strength, please believe it will definitely reach 2800
$ETH
Currently building a daily level head and shoulders bottom pattern, the technical significance of this classic reversal structure has been widely recognized by the market. The neckline breakthrough is imminent; if an effective breakout occurs (which needs to be accompanied by increased trading volume), the market will open up upward space, with the target directly aimed at the $2750-$2800 range.
The RSI indicator has risen to the 70+ high range, indicating that short-term bullish strength has been fully released. Although there is a possibility of an inertia-driven surge, the risk of blindly chasing higher prices has increased.
The target range (2750-2800 USD) overlaps with the previous high's dense trading area, where a large number of trapped positions have accumulated, which will form a strong resistance zone, making it an undesirable entry point for long positions.
Early investors can hold their positions based on the head and shoulders bottom neckline (specific values can be marked), and reduce positions to lock in profits after a breakout; for those who have not entered the market, it is recommended to wait for a breakout followed by a retest of the neckline to confirm support, or to observe for a second entry opportunity after the RSI indicator falls back to the 50 neutral range.
Currently, there are signs of retail FOMO (fear of missing out) in the market; however, the rhythm of professional traders consistently revolves around **“predict in advance → confirm structure → take profit in batches.”** We have clearly marked key positions (head and shoulders bottom pattern, neckline, target range) on the chart, and once again emphasize: technical analysis is a game of probability. Understanding the structure must be combined with position management, and one should never blindly follow the trend driven by emotions.
#ETH🔥🔥🔥🔥🔥🔥
Currently building a daily level head and shoulders bottom pattern, the technical significance of this classic reversal structure has been widely recognized by the market. The neckline breakthrough is imminent; if an effective breakout occurs (which needs to be accompanied by increased trading volume), the market will open up upward space, with the target directly aimed at the $2750-$2800 range.
The RSI indicator has risen to the 70+ high range, indicating that short-term bullish strength has been fully released. Although there is a possibility of an inertia-driven surge, the risk of blindly chasing higher prices has increased.
The target range (2750-2800 USD) overlaps with the previous high's dense trading area, where a large number of trapped positions have accumulated, which will form a strong resistance zone, making it an undesirable entry point for long positions.
Early investors can hold their positions based on the head and shoulders bottom neckline (specific values can be marked), and reduce positions to lock in profits after a breakout; for those who have not entered the market, it is recommended to wait for a breakout followed by a retest of the neckline to confirm support, or to observe for a second entry opportunity after the RSI indicator falls back to the 50 neutral range.
Currently, there are signs of retail FOMO (fear of missing out) in the market; however, the rhythm of professional traders consistently revolves around **“predict in advance → confirm structure → take profit in batches.”** We have clearly marked key positions (head and shoulders bottom pattern, neckline, target range) on the chart, and once again emphasize: technical analysis is a game of probability. Understanding the structure must be combined with position management, and one should never blindly follow the trend driven by emotions.
#ETH🔥🔥🔥🔥🔥🔥
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