$ETH just printed a double top formation on the 15-minute timeframe — a classic early-warning sign of bull exhaustion after a strong rally.
Key Levels:
Top 1 & Top 2: Both peaked near $2,680, showing clear resistance.
Neckline: Approx. $2,640 — the key level to hold or break.
This pattern suggests that buyers may be losing momentum, and if #ETH breaks below the neckline, we could see 2620 - 2580 .
But Wait — No Breakdown Yet!
Price is still hovering above the neckline, and bulls haven’t backed down.
A strong bounce from $2,640 could invalidate the setup and lead to a breakout above $2,680, aiming for $2,720+
This is a pivotal moment for #ETH short-term price action — breakout or breakdown, expect volatility!