Here’s a
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⚡ ETH MARKET UPDATE & NEXT BREAKOUT MOVE 🚀🔥
After the wild run to $4.8K, ETH slipped into a corrective downward channel — but instead of weakness, it’s forming a bullish Inverse Head & Shoulders pattern. 📊
💡 This signals the end of accumulation and possible start of a major rally.
📍 Current Price: $4,299.7 (+0.31%)
🔎 Chart Breakdown:
✅ Left Shoulder ✅ Head (near $4K) ✅ Right Shoulder (building around $4.27K)
📈 Breakout Levels
Neckline Support: $4.27K
Target on Breakout: $4.77K
🔹 RSI cooled from overbought → more upside room.
🔹 MACD curling bullishly → trend reversal brewing.
⚠️ Risk Note:
If ETH fails to hold above $4.27K, expect rejection towards $4.1K–$4.0K before another attempt higher.
👉 Key Takeaway: ETH is at make-or-break zone. Hold $4.27K = bulls eye $4.77K. Lose it = correction continues.
📌 DYOR & Trade Safe!
Follow 👉 @dr_mt
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