Search
Close this search box.

Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead!

SHARE

SHARE

Table of Contents

Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead! Watch this key pattern in the 1-hour timeframe
Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead! Watch this key pattern in the 1-hour timeframe

The Ethereum price is currently forming a massive Inverse Head and Shoulders Pattern in the 1-hour timeframe. This pattern is very important to the ETH price right now because it is a Reversal Pattern, and if it plays out, we might see a massive rally higher in the coming days.

In this Ethereum analysis, we will be breaking down what this Inverse Head and Shoulders pattern means for Ethereum and the key levels we are currently watching.

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link

bybit-logo
Claim up to $30,030 in Bonus
100x Leverage

Ethereum Inverse Head and Shoulders Pattern

The key pattern we are watching closely is the Inverse Head and Shoulders Pattern currently forming in the 1-hour timeframe. This pattern is a bullish reversal pattern with a standard way to trade it.

For this pattern to be confirmed, the price needs to break through and close above the Neckline Resistance in the 1-hour timeframe. As far as the ETH price continues to trade below this Neckline, we will stand aside and wait for that bullish confirmation to play out in the coming days.

Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead! Watch this key pattern in the 1-hour timeframe
Ethereum Inverse Head and Shoulders Pattern Indicates Bullish Move Ahead! Watch this key pattern in the 1-hour timeframe

So, we will be keeping a close eye on this Neckline region to see how ETH will react to it. The main event we are waiting for is a bullish breakout above this Neckline resistance to confirm the start of the rally higher.

Final Verdict!

The Ethereum price is setting up for a massive rally higher in the coming days. The key pattern we are keeping a close eye on is the Inverse Head and Shoulders pattern currently playing out in the 1-hour timeframe.

This is a bullish reversal pattern and it is a strong indicator that the ETH sell-off might be coming to an end.

bybit-logo
Claim up to $30,030 in Bonus
100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.

SHARE

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platforms

bybit-logo

Rating: 98%

Claim up to $30,030 in Bonus

100x Leverage

Rating: 90%

Get  380USDT in Bonus

Rating: 80%

Get up to  $8,000 in Deposit Rewards

Follow Us