Based on previous cycles, ETH is about to take a U-turn and start a downtrend for the next year or so. The recent heads and shoulders pattern is at a critical point and failure at this point would indicate the beginning of the way down.
A rejection of the pattern indicates a different trajectory from last cycle.
We won't know until the markets decide which way to go.
A rejection of the pattern indicates a different trajectory from last cycle.
We won't know until the markets decide which way to go.