🧠 Ethereum Head & Shoulders — Reversal Incoming? ⛓️
$ETH
ETH Price: 2,491.23 (-3.51%)
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📉 Chart Watch: Head & Shoulders Formation on 4H
ETH has formed a classic Head & Shoulders top on the 4-hour chart — a pattern often signaling bearish reversals.
• Left Shoulder: First peak & pullback
• Head: Higher peak
• Right Shoulder: Lower high, echoing the first shoulder
• Neckline: Key support (~$2,500–$2,550) — now broken!
🎯 Trade Setups:
🐻 Bearish Play:
• Short below neckline (~$2,500) if volume confirms
• Target: $2,250–$2,300
• Stop-loss: Just above neckline
🐂 Bullish Flip:
• If ETH reclaims $2,600–$2,650, bears lose momentum
• Potential upside to $2,800–$2,900
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🔍 Things to Watch:
✔️ Volume: Clean breaks need strong volume for confirmation
✔️ Macro Factors: News, ETF flows, or BTC moves can shift sentiment fast
✔️ Bigger Picture: Weekly chart still holds a bullish inverse H&S, aiming for ~$2,880
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💬 Bottom Line:
Ethereum’s short-term chart suggests a possible drop to $2,250–$2,300… unless bulls reclaim key levels fast. A battle between short-term bears and longer-term bulls is playing out — watch price action closely.
Stay sharp, trade smart, and protect your capital, Binance Square Fam! 🚀