Hello guys!
Ethereum has formed a textbook inverse head and shoulders pattern on the 15-minute timeframe and just confirmed a breakout above the neckline. This bullish reversal formation comes after a sharp downtrend, signaling a potential shift in short-term momentum.
📌 Breakout Level: ~$2,645
🎯 Potential Target: ~$2,730–$2,750 based on the pattern height
🟦 Retest Zone: ~$2,620–$2,640
We’re currently seeing a healthy breakout followed by a possible retest of the neckline, which could offer a solid entry for continuation toward the upper boundary of the channel.
If bulls hold this structure, ETH could accelerate higher in the coming sessions.
Ethereum has formed a textbook inverse head and shoulders pattern on the 15-minute timeframe and just confirmed a breakout above the neckline. This bullish reversal formation comes after a sharp downtrend, signaling a potential shift in short-term momentum.
📌 Breakout Level: ~$2,645
🎯 Potential Target: ~$2,730–$2,750 based on the pattern height
🟦 Retest Zone: ~$2,620–$2,640
We’re currently seeing a healthy breakout followed by a possible retest of the neckline, which could offer a solid entry for continuation toward the upper boundary of the channel.
If bulls hold this structure, ETH could accelerate higher in the coming sessions.
Trade closed: target reached
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
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.