Ethereum Technical Analysis ( Inverse Head & Shoulder Pattern )

#Ethereum Technical Analysis :-

$ETH Currently trading at $1100 Level.

Now Trying to Turning in Bullish zone.
But Need to Breakout $1160 Level.

And Chart also Forming inverse Head & Shoulder Pattern Same Like Bitcoin.

So Now What Next..?

If ETH/USDT Success to Breakout $1160 Level and Candle Close above Neck Line Resistance then We can see Upward move toward $1550-$2000

So Must need to Break $1160 Level.

Chart Only Valid above $1000 Support Level.

If Price Rejected From Neck Line Resistance Then We can see more Bloodbath in Ethereum price.


Support:- $1000
Resistance:- $1552/$1744/$1998

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#Ethereum Inverse H&S Update:-

#ETH trying to Breakout NECK Line Resistance.
If success to breakout then 1st Target Would be $1552 and after $1744/$2000
Stop Loss For this Trade is $1040 ( 4H candle Close Below)

My #ETHUSDT Position is now 30% Profit.

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#Ethereum TA Update:-

Currently, #ETHUSDT 15% up from our Entry in Spot.
Now Still Bullish Toward $1552-$2000
But If Retracement Then Keep an eye on $1160 and $1100 Level.