Ethereum ($ETH) is flashing serious technical risk as a large Head and Shoulders (H&S) pattern continues to develop on the higher timeframes.
Currently, ETHUSD is forming the Right Shoulder, a classic bearish structure that often appears near major cycle tops.
📉 Key Technical Breakdown
The Right Shoulder is capped below the 1D MA200, acting as dynamic resistance.
This zone may represent the final rejection area before Ethereum transitions into Stage 2 of a broader bear cycle.
The most critical level to watch is the Higher Lows trendline, which serves as the pattern’s primary support.
⚠️ A confirmed breakdown below this support would immediately trigger the next selling phase, regardless of short-term bounces.
🎯 Downside Target Projection
Historically, Head & Shoulders patterns often extend toward the 2.0 Fibonacci extension measured from the Shoulder’s low.
🔍 Notably, this projection aligns perfectly with the $1,385 support, which marks the April 09, 2025 cycle low — a powerful confluence.
⏳ Market Expectation
As the year approaches its final stretch, a move toward the $1,400 region appears increasingly realistic, should bearish momentum accelerate.
This is not noise — it’s structure, trend, and historical symmetry converging.
📌 Stay alert. Risk management matters more than bias.
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