Ethereum, H-S-Formation, Important Conclusions To Consider!

Hello Traders Investors And Community,

Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. Ethereum since showing up with heavy bearish breakdowns somewhat recovered and has now set up with further initial breakdowns, this is important to notice because besides that I discovered a decisive formation Ethereum is now about to form in this situation that will be the determining source within the upcoming times, therefore I detected all the important levels and likely scenarios we should consider with Ethereums established structure and the upcoming movements ahead next times.

Structural Developments:
As when looking at my chart now we can watch there how Ethereum is about to form this main head-and-shoulder-formation marked with the neckline in blue, Ethereum already fully completed the left shoulder and the head within this formation and is now about to form the right shoulder as it pulled back from the main descending-resistance-line it is setting up to form the second wave which of the right shoulder which will move to the downside and test the neckline of the formation from where the final crucial decisions will be made. It will be important where Ethereum will continue to properly determine the right direction.

Upcoming Determinations:
Taking all these factors into consideration after Ethereum has completed the right shoulder and therefore will show up with the crucial determinations there are basically two possible destinies, the first is when Ethereum manages to bounce from the neckline and increase with bullish price-action to finally move above the descending-resistance-line and continue to test higher levels of resistance otherwise the second is when Ethereum increases the bearish pressure further to close below the neckline and continue bearishly, these are the main scenarios important to elevate in the next times although the bearish scenario has a slightly higher possibility it is necessary to wait on the final confirmations before moving into the direction.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.