๐$ETH Lower High โ ATH Loading or Local Top?
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$ETH has just made a lower high, creating the potential for a Head & Shoulders pattern.
Now the big question:
๐ Will this be a continuation upward?
๐ Or is it forming a local top before correction?
ETH & ETH/BTC both look overheated in the short term.
Likely: ETH makes a short-term top, corrects to $3500โ$3800, then bounces back strongly.
After that, ETH could break out into new ATHs. ๐
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โ If the neckline holds, this pattern may instead act as a continuation upward without correction.
