ETHUSD Head and Shoulders in the 2D

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.

Trend Analysis

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