Ethereum Four-Hour Head and Shoulders Warning!
Current Form
The Ethereum four-hour chart has formed a standard head and shoulders: left shoulder peaks → head reaches a new high → right shoulder rebounds weakly, now stuck at the critical level of $2800. If this level breaks, it will fail, but if it lingers without rising, the probability of a pullback is very high.
Indicator Signals
MACD Golden Cross Failure: It seems set to rise, yet the fast and slow lines are stuck and flattening out, the bulls can't pull it up anymore.
KDJ Betrayed Early: The J line has already turned downward, indicating that short-term buying support is weakening.
Key Conclusion
$2800 is the Lifeline: If it breaks through, the rally continues; if it doesn't break, it's time to run!
Pullback Space Calculation: According to the head and shoulders pattern, the minimum drop = distance from head to neckline.
Larger Timeframes Are More Accurate: The head and shoulders on the four-hour level is ten times more reliable than that on the fifteen-minute level.
Operational Suggestions
For those holding positions: Reduce positions during the right shoulder rebound, clear all below the neckline.
For those wanting to catch the bottom: Wait for stabilization around $2600-2650 before acting, don’t catch falling knives.
For those shorting: Short at the right shoulder's high point, set stop-loss above $2820.
Opportunities are fleeting, a pullback is imminent, position yourself for spot buying, and the altcoins' profits are waiting for you! Doubling your investment is not a dream; click the profile picture to follow me, and let's join the bull market feast!
