Ethereum: Inverse H&S Breakout Eyes $4,100
Ethereum forms textbook inverse head and shoulders on 3-day chart with breakout confirmed and $4,100 measured move target as 4h technicals show $2749 price inside Bollinger bands.
SourceAnalysis
Ethereum completed its inverse head and shoulders pattern on the 3-day timeframe with neckline breach now in place, projecting a measured move to the $4,100 target according to trader analysis. ETH price prediction models now focus on the standard neckline retest before continuation higher. On the 4h chart Ethereum trades at $2749.08 inside its Bollinger bands with upper resistance at $2837.96 while the EMA50 at $2622.94 and EMA200 at $2421.06 continue to anchor the bullish structure; despite the MACD death cross at 50.72 the RSI at 64.5 leaves room for a healthy pullback to the 50-EMA before the next leg aligns with the higher-timeframe breakout. Ethereum price analysis and inverse head and shoulders pattern setups both point to the same directional bias once the retest completes.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.