I’ve been analyzing the $ETH weekly chart, and the signal is crystal clear. While many are blinded by "bullish hope," the technicals are screaming reversal. We are seeing a textbook Head and Shoulders pattern forming right now.
Breakdown of the setup:
The Head: A massive rejection at the $4,957.67 level, proving that bulls lack the strength to break $5k.
The Right Shoulder: This is exactly what I’ve drawn on my chart with the red line. It’s forming perfectly as we speak.
The Target: If we break the critical neckline support at $2,500, the measured move takes $ETH straight down to $1,500 by Spring 2026.
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My Strategy:
I am staying away from long positions for now. The risk of a major flush is too high. Instead, I am preparing for a high-leverage short on Binance Futures once the breakdown is confirmed.
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Do you agree with the $1,500 target, or is this a "bear trap"? Let’s discuss in the comments!