GateUser-6bd195d0
Red alert as Ethereum price invalidates key bullish pattern
Ethereum price crashed to a key support level on Monday, increasing the risk of further downside after invalidating a crucial bullish chart pattern.
📉 Ethereum price invalidates inverse H&S pattern
The weekly chart shows that Ethereum has formed two distinct patterns in recent months. First, it developed a triple-top formation around the $4,000 level, struggling to break above that point since March last year.
A triple-top is a well-known bearish signal, often leading to further losses once the price drops below the neckline. In Ethe
Ethereum price crashed to a key support level on Monday, increasing the risk of further downside after invalidating a crucial bullish chart pattern.
📉 Ethereum price invalidates inverse H&S pattern
The weekly chart shows that Ethereum has formed two distinct patterns in recent months. First, it developed a triple-top formation around the $4,000 level, struggling to break above that point since March last year.
A triple-top is a well-known bearish signal, often leading to further losses once the price drops below the neckline. In Ethe