💎
$ETH : The "Inverse Head & Shoulders" is Still in Play! 🚀
As predicted,
$ETH is experiencing a local pullback, but the macro structure remains incredibly bullish. Despite the short-term noise and price hovering around $3,100, the Higher Low is holding firm, keeping the massive Inverse Head & Shoulders (iH&S) pattern alive.
🔍 Technical Breakdown
The Pattern: We are currently witnessing the formation of the Right Shoulder. The Left Shoulder (mid-2024) and the Head (late 2024 bottom) are set. This current pullback is essential for a healthy, sustainable breakout.
Higher Low Validation:
$ETH continues to find strong support in the $2,950 – $3,050 zone. As long as we stay above these levels, the bullish thesis remains the baseline scenario.
The Neckline: The major hurdle sits at the $3,400 – $3,500 range. A decisive daily close above this level, backed by volume, is the "go signal" for a run toward previous all-time highs.
⚡ The Strategy (ETH/USDT Perp)
Bias: Bullish Continuation 🟢
Key Support (Buy Zone): $3,000 – $3,150
Immediate Resistance: $3,300
Major Breakout Level: $3,500
Target (Pattern Projection): $4,000 → $4,500+
💡 Why This Pullback is Necessary
Markets don't move in straight lines. This retracement allows the RSI to reset on higher timeframes and flushes out over-leveraged long positions. Historically,
"Inverse Head & Shoulders" breakouts have been some of the most profitable moves in crypto. With institutional inflows via ETFs and the Fusaka upgrade improving network efficiency, the fundamentals are aligning perfectly with the technicals.
Stay patient. Don't let the local volatility shake you out of a macro winner.
Nabiha Noor
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