⚠️ $ETH – Confirmation of a bearish reversal after the head and shoulders pattern 📉🔥
Ethereum clearly shows a negative reversal after a strong rise, with a clear break in structure.
📊 On the 4-hour timeframe, the head and shoulders pattern has been confirmed, leading to selling pressure that pushed the price to break the demand zone.
🔻 Main resistance: 4,750 – 4,850
🔻 Broken support: 4,300 – 4,350 (now turned into resistance)
🔻 Next supply zone: 3,600 and below, in case negative momentum continues
📌 CHoCH and BOS signals support the negative outlook
🚨 If unable to reclaim 4,300, we may see acceleration towards lower support areas
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