#ETH

Greetings to everyone, friends!

📉 It seems that a "Head and Shoulders" pattern is forming for ETH.

On the Ethereum chart, a classic bearish Head & Shoulders model has formed.

The left shoulder is there. The head is clearly defined. The right shoulder is weaker, as it should be before a reversal.

Right now, the price is approaching the neckline — the area where breakouts most often occur and movement downward begins.

🔻 What does this mean?

If ETH confidently breaks the support level around $3150–$3170, we should expect a deeper correction.

🔻 Why is this important?

The "Head and Shoulders" pattern is considered one of the strongest reversal signals.

And when it appears after a rise — it often foreshadows a decline.

🔻 Where might it go?

The first target for the model is $3050

and if the momentum strengthens — the zone $2850–2900

It's not a fact that it will work out 100%, but the structure looks very clean. We are monitoring the breakout of the neckline — this is a key moment 👀

DYOR