$ETH ๐ฅ๐ฅ Thereโs a Head and Shoulders Pattern on the ETH Chart! ๐๐
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๐จ๐จEthereum (ETH) is flashing a classic warning signal that has traders on edge. ๐ฑ๐ฑ A textbook head and shoulders pattern is forming on the charts, and the neckline support is getting weaker by the day. Everywhere, analysts are watching ๐ฉธ๐ฉธwith growing concern as ETH struggles to stay afloat. Historically, this bearish setup has triggered sharp breakdownsโand this time might be no ๐๐different. ๐พ๐พ
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โ ๏ธโ ๏ธBig players are repositioning fast. Whales are trimming their holdings, while institutions ๐ท๏ธ๐ท๏ธare hedging exposure ahead of a potential dump. On-chain flows reveal ETH moving onto exchanges, hinting ๐๐that sellers are preparing to unload. If the neckline snaps, it could unleash a wave of liquidation. ๐จ๐จ
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๐ป๐ปTechnical indicators are flashing red alerts. The 200-day moving average is turning down, and momentum readings are drifting ๐๐ lower. A decisive breakdown below support could accelerate losses and ๐๐drag prices much deeper. The mood among traders is tenseโeveryoneโs bracing for a potential cascade. Hold tightโETH could be about to plunge. ๐ฃ๐ฃ