A possible scenario for $ETH
2025-01-09
Category: None

An inverted head and shoulders pattern is very clear, and with this bearish move, it is possible that ETH bears will try to break the shoulder. We have to wait for the price to reach $3,000 first. If the shoulder is not broken, we can see another bull run with the price reaching $5,000. But if the shoulder is broken, Ethereum can experience a bearish move, breaking the current trend and confirming a double top. We may then see a nice double bottom on the monthly chart. Look at the previous time Ethereum had a significant bullish move, after the formation of a double bottom, the same thing can happen again. However, that would mean Ethereum will reach $1,000 in the coming months, and a new ATH (all-time high) can potentially occur early in 2026 (~$10,000). So, this might be a controversial prediction, but let's ignore it for the record.
