tldr; Ethereum’s 4-hour chart shows a Head and Shoulders pattern, signaling potential bearish momentum. The neckline at $2,480 was breached, with Ethereum pulling back to $2,380 before retesting the $2,500 level. Failure to reclaim this level could validate the bearish setup, targeting $2,200-$2,250 as the next support zone. However, bulls could regain control by decisively reclaiming $2,500 and breaking above $2,650, invalidating the pattern. Ethereum is currently trading at $2,510.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Ethereum’s 4-hour chart shows a Head and Shoulders pattern, signaling potential bearish momentum. The neckline at $2,480 was breached, with Ethereum pulling back to $2,380 before retesting the $2,500 level. Failure to reclaim this level could validate the bearish setup, targeting $2,200-$2,250 as the next support zone. However, bulls could regain control by decisively reclaiming $2,500 and breaking above $2,650, invalidating the pattern. Ethereum is currently trading at $2,510.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.