Crypto Emad
--
🚨 Bears are in control of $ETH ... The head and shoulders pattern warns of a downturn! 📉
Ethereum is currently trading at 4,226 after breaking the support of the neckline for the head and shoulders pattern on the 3-hour frame, indicating a potential broad correction.
📊 Quick note: The 4,200–4,220 area forms the key for the upcoming path. A break below it reinforces the bearish trend, while resistance at 4,320–4,480 weakens any upward attempts.
🎯 Next downside targets:
3,850
3,600
3,300
🛡️ Suggested stop-loss: Above 4,500 (to protect against false recoveries)
Momentum is currently in the bears' grip, and traders are advised to be cautious if the price continues below the critical support area.
Follow us on channel #CryptoEmad for more analyses
#ETH #Ethereum #CryptoWarning #BearishSignal
Ethereum is currently trading at 4,226 after breaking the support of the neckline for the head and shoulders pattern on the 3-hour frame, indicating a potential broad correction.
📊 Quick note: The 4,200–4,220 area forms the key for the upcoming path. A break below it reinforces the bearish trend, while resistance at 4,320–4,480 weakens any upward attempts.
🎯 Next downside targets:
3,850
3,600
3,300
🛡️ Suggested stop-loss: Above 4,500 (to protect against false recoveries)
Momentum is currently in the bears' grip, and traders are advised to be cautious if the price continues below the critical support area.
Follow us on channel #CryptoEmad for more analyses
#ETH #Ethereum #CryptoWarning #BearishSignal
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.