ETHUSDT SPOTLong
Potential Ethereum Bull Run After Completing the Inverse HAS
On the daily chart of Ethereum to USDT (ETH/USDT), an inverse head and shoulders pattern is forming. This pattern is one of the most powerful indicators of a trend reversal in technical analysis. Given that Ethereum has been in a downtrend for the past months, the formation of this pattern could signal the end of the bearish phase and the beginning of a strong bullish movement.
Currently, the left shoulder and head of this pattern have been formed, and it seems that the right shoulder might be completed in October. Once this pattern is validated and the neckline is broken, we can expect Ethereum’s price to rapidly move towards higher targets, such as the $3800 to $5000 levels.
If this pattern holds and considering Ethereum's historical price behavior, the likelihood of a significant bull run in 2024 to 2025 becomes very high.
Currently, the left shoulder and head of this pattern have been formed, and it seems that the right shoulder might be completed in October. Once this pattern is validated and the neckline is broken, we can expect Ethereum’s price to rapidly move towards higher targets, such as the $3800 to $5000 levels.
If this pattern holds and considering Ethereum's historical price behavior, the likelihood of a significant bull run in 2024 to 2025 becomes very high.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.