🚨ETH 4H Analysis: Inverse Head & Shoulders in Play 🚨
In my view, if you observe Ethereum on the 4-hour timeframe, you’ll notice that it is moving upward in a staircase-like structure. Another important point is that ETH appears to be forming an inverse head and shoulders pattern. Although the pattern is not fully completed yet, I believe that once the right shoulder is formed, the price will likely make a three-wave move, exactly as I illustrated on the chart.
After completing the three-wave move to the downside, the price is expected to retest its support zone. The key moment to watch will be when the right shoulder is forming at that time, the price will likely be around $2450.
Following that, when the price drops, the support area lies roughly between $2389 and $2410. This zone will be very important to monitor, because even after patterns are completed, fake breakouts often occur.
However, based on the current structure I described, there is a high probability that the market may behave this way.
As long as ETH remains above $2250 on a daily closing basis, the overall trend will stay bullish.
To understand crypto properly, you need to learn it yourself. I have been guiding many people and I have never refused anyone for guidance. So my advice is that before getting trapped in this, first understand crypto properly
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