### **Price Analysis: ETH**

Ethereum has formed a **head-and-shoulders pattern**, which could be completed with a break and close below the neckline. While the neckline is sloping upwards, making the bearish pattern slightly less reliable, it still cannot be ignored by traders.

- The **20-day exponential moving average (EMA)** is currently at **$3,451** and is trending down, along with the **Relative Strength Index (RSI)** being in negative territory. This suggests that the bears are currently in control.

- If the price turns down from the current level or the **20-day EMA** and breaks below the neckline, the **ETH/USDT pair** could risk falling to around **$2,850**.

### **ETHUSDT: Current Price**

**$3,270.03**

**+0%**

If the bulls want to prevent further downside, they need to push the price above the **20-day EMA**. If successful, the pair could then rise to **$3,745**.

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**Note:**

This is **not investment advice**. Always do your own research and consider market conditions before making decisions. #POV #NotAnAdvice #AIXBT,COOKIE,CGPTOnBinance #USJobsSurge256K #DOJBTCAuction $ETH