The price recovered after breaking the neckline at 1523.54 and also broke the downtrend line from 2031.39.
If the price comes to the resistance level of 1717.54 and then falls back and forms an effective support near 1523.54, there is a chance for ETH to form a H&S bottom.
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The daily H&S top of ETH will not fail until the price breaks through 1722.18.
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The chart sees that EMA13 has the opportunity to form a golden cross with EMA55, so it is also possible to directly break the resistance at 1716.60.
Above resistance:
1837.39
2031.39
-
If the price comes to the resistance level of 1717.54 and then falls back and forms an effective support near 1523.54, there is a chance for ETH to form a H&S bottom.
-
The daily H&S top of ETH will not fail until the price breaks through 1722.18.
-
The chart sees that EMA13 has the opportunity to form a golden cross with EMA55, so it is also possible to directly break the resistance at 1716.60.
Above resistance:
1837.39
2031.39
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