Possible Head and Shoulders for ETH USDT spotted (BEARISH?)
2024-11-25

A potential head and shoulders pattern is forming on the ETH/USDT chart, sparking concerns of a bearish reversal. This classic technical analysis signal often indicates a shift from an uptrend to a downtrend. Traders are closely monitoring key support and resistance levels to confirm whether this pattern plays out, potentially signaling a sell-off in Ethereum's price. Could this be the start of a bearish move, or will ETH break through and invalidate the setup?

If it breaks upwards, the next resistance level is around 3.88K, start taking profits after it reaches 3.8k

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