A potential Head & Shoulders pattern is starting to take shape on Ethereum's 15-minute chart — signaling a possible short-term trend reversal.
📉 Key Level to Watch: $3580
This neckline is now a critical support. If $ETH
breaks below it with strong momentum, it could trigger:
• Profit-taking from recent breakout traders
• The beginning of a technical correction
While not confirmed yet, the setup is gaining structure and could lead to rapid downside movement if bulls fail to defend this level.
📊 Short-term traders: tighten stops and watch volume closely.
📈 Bulls need $3580 to hold — otherwise, expect increased volatility and pressure.