ETH: Head and Shoulders Target Reached Near $2000
Trader Tardigrade confirms Ethereum completed its head and shoulders measured move from the $2500 October alerts down to the $2000 target on the daily chart.
SourceAnalysis
Trader Tardigrade flagged the ETH head and shoulders on 13 October near $2500, then confirmed neckline breakdown on 17 and 31 October; the measured move has now printed at the $2000 target.
Price sits at $2144.71 testing the lower Bollinger band support at $2148.6 while RSI(14) prints 28.85 in oversold territory and MACD holds a death cross at -32.06; the EMA50 at $2260.38 and EMA200 at $2393.1 remain firm overhead resistance that must be reclaimed before any bullish reversal attempt.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.