ðĨ Ethereum Inverse Head & Shoulders: Bullish Move Ahead
Over the last couple of weeks, ETH has lost around 50% of its value. A massive sell-off which has brought us far below $1000 at some point.
In today's market, we're seeing the first signs of reversal/consolidation appear on the charts. In ETH's case, an inverse head & shoulder pattern has emerged. This is classically a bullish reversal pattern.
I'm looking at $1250 as a short-term target, $1500 longer-term. If we can get a break from selling off we might actually see a week or two of bullish price action coming our way.
In today's market, we're seeing the first signs of reversal/consolidation appear on the charts. In ETH's case, an inverse head & shoulder pattern has emerged. This is classically a bullish reversal pattern.
I'm looking at $1250 as a short-term target, $1500 longer-term. If we can get a break from selling off we might actually see a week or two of bullish price action coming our way.
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