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The Ethereum bulls are ready to push the ETH price higher in the coming days and the best way we are looking to take advantage of this coming rally is through the inverse head and shoulder pattern currently playing out in the 15 minutes timeframe.
This pattern is very bullish and it offers us key levels to watch for in Ethereum price for the coming days. If this bullish prediction plays out, there is a very high probability that we might see Ethereum rally to the ATHs soon!
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Ethereum Inverse Head And Shoulder Pattern
We believe the Ethereum inverse head and shoulders pattern is completed because the ETH price has finally broken through and is currently retesting the neckline region of the bullish pattern.
If this bullish rally continues, there is a very high probability that we might see a sharp surge in the ETH price as we push back up to the Ethereum ATHs in the coming days.
Pattern Invalidation Point!
The key level to watch for is the $4,204 previous lows in the 15 minutes timeframe. For this inverse head and shoulders pattern to remain valid, the Ethereum price must continue to trade above this previous low.
A price sell-off below this $4,204 minor support only points to a growing weakness for Ethereum and a potential continuation to the downside in the coming days.
Final Verdict!
Ethereum is getting ready to explode to the upside! And the best way we looking to take advantage of this coming rally is through the inverse head and shoulder pattern currently playing out in the 15 minutes timeframe.
If this pattern plays out, our bullish target for Ethereum is the ATHs. There is a very high probability for Ethereum to get to this level and even breakthrough it to new highs in the coming days.
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