Ethereum was unable to sustain the $2100's yesterday and faced a big selloff that took us back to $2025, the last technical level of the $2K's. We appear to be seeing a head and shoulders pattern forming with a neckline at this level. The inverse Fibonacci extension level forms a good target if we do break down from this pattern and that puts us at $1795. The Kovach OBV has turned quite bearish. If we are wrong, we could test highs at $2400 soon.
Note
ETH breaks down from our Head and Shoulders pattern!! Those of you who read the report this morning were well prepared!! 😎 Cheers guys! 🍾 Next stop, $1795!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.