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The Ethereum inverse head and shoulders pattern we have been tracking all week is still playing out exactly as we predicted Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead!
And in the coming days, we expect to see this bullish rally continue to play out in the coming days. In this ETH analysis, we will be talking about the bullish targets we are currently watching and the key levels that are important to Ethereum right now!
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Ethereum Inverse Head and Shoulder Playing Out Exactly!
The Ethereum bulls have finally confirmed the potential move higher with a clear price break and close above the Neckline line resistance of the pattern.
And with this bullish breakout, we expect to see a further rally in the Ethereum price as more buyers begin to step into the market in the coming days.
The image below is what a completed Inverse Head and Shoulders pattern looks like. This kind of image is what we expect to see play out in Ethereum in the coming days.
Bullish Target For Ethereum!
The first key resistance we expect the ETH price to trade to is the $1,817 price level in the 1-hour timeframe.
This is a potential +5% surge in the value of Ethereum and we might see it play out in the coming days. If the price breaks through this $1,817 price level we might see the ETH price continue to push on higher to ATHs.
But for now, the $1,817 is the first level we expect to see sellers come back in.
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