The price of Eth has been forming a head and shoulders (H&S) pattern since August 2021.
The current downtrend in price suggests that the right shoulder might finish forming in the next few days.
If the H&S is activated by closing below the neckline, the projection sets a target value of 1,210 USD. (in dark orange)
Still, support may be found at higher levels:
- $1,410 USD (light orange), which corresponds to the January 2018 All-Time High, or at
- $1,750 USD (yellow), which has served as support in several occasions.
The current downtrend in price suggests that the right shoulder might finish forming in the next few days.
If the H&S is activated by closing below the neckline, the projection sets a target value of 1,210 USD. (in dark orange)
Still, support may be found at higher levels:
- $1,410 USD (light orange), which corresponds to the January 2018 All-Time High, or at
- $1,750 USD (yellow), which has served as support in several occasions.
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