Good Morning, Bulls!
Starting the day with $ETH.
On the higher timeframes, #Ethereum seems to be forming an inverted head and shoulders pattern.
Although $ETH is currently respecting the dynamic support line (blue), if it fails to hold the blue box ($3,050–$3,100), it is likely to drop to $2,900—a zone that aligns with the support area of the inverted head and shoulders pattern. In my opinion, if $ETH reaches $2,900, the market bottom could already be in.
That said, I wouldn’t be too surprised if we see a move straight up from the blue box. Whether it follows the green or orange arrows, I believe we are heading upward eventually.
The market is very choppy right now, and any predictions are based on personal opinions as sentiment can change quickly. Please take your time and track the market closely.
Starting the day with $ETH.
On the higher timeframes, #Ethereum seems to be forming an inverted head and shoulders pattern.
Although $ETH is currently respecting the dynamic support line (blue), if it fails to hold the blue box ($3,050–$3,100), it is likely to drop to $2,900—a zone that aligns with the support area of the inverted head and shoulders pattern. In my opinion, if $ETH reaches $2,900, the market bottom could already be in.
That said, I wouldn’t be too surprised if we see a move straight up from the blue box. Whether it follows the green or orange arrows, I believe we are heading upward eventually.
The market is very choppy right now, and any predictions are based on personal opinions as sentiment can change quickly. Please take your time and track the market closely.
