ETHUSD Head and Shoulders in the 2D
ETH/USD COINBASE:ETHUSD
The price of Eth has been forming a head and shoulders ( H&S ) pattern since August 2021.
The current downtrend in price suggests that the right shoulder might finish forming in the next few days.
If the H&S is activated by closing below the neckline, the projection sets a target value of 1,210 USD. (in dark orange)
Still, support may be found at higher levels:
– $1,410 USD (light orange), which corresponds to the January 2018 All-Time High, or at
– $1,750 USD (yellow), which has served as support in several occasions.
