$ETH /USDT – Technical Setup & Trade Signal

Pattern & Context:

Clear Inverse Head & Shoulders (H&S) pattern identified:

L-H-H-L structure confirms it

Price is consolidating near neckline breakout with EMA support

Ascending trendline holding well, acting as dynamic support

Current Price: ~$2,588

Price is sitting just above the key support trendline and EMA

Targets (Upside Take Profits):

TP1: $2,605.86 – neckline retest zone

TP2: $2,692.77 – full pattern breakout target

Invalidation / Risk Level:

Key Support (SL): ~$2,582.20 (marked in green)

Critical Support: ~$2,448.70 – If broken, invalidates H&S structure

Trade Idea (Bullish Bias):

Entry Zone: $2,582 – $2,592

SL: aggressive stop below $2,448.70

Targets: TP1 and TP2 as mentioned above

Risk-Reward Ratio: Reasonable, especially above $2,600

Watch For:

Strong bullish confirmation candle breaking $2,605

Volume surge to confirm breakout

Holding the ascending green trendline as price base

Enter Trade here $ETH