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Finally, the Ethereum Head and shoulders pattern is playing out as expected. The ETH price just broke below the last key support holding the price back from this bearish move lower.
So in the coming days, we expect to see a more bearish move lower for the ETH price as the Altcoin heads down to the $1,690 key level in the 1-hour timeframe.
In this Ethereum analysis, we will be breaking down the key levels we are currently watching in the 1-hour timeframe and the best price predictions we expect to play out in the coming days.
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Ethereum Playing Out As Predicted! What Next?
The Ethereum price just broke down below the last key support holding the price back. This price break below this $1,854 key level is a bearish confirmation that the bears are in full control of the market right now!
And in the coming days, we expect to see this move lower continue for the Ethereum bears.
looking for a bullish trade at this point in time would result in a low probability trade setup for Ethereum because right now all indications point lower for the price.
Key Levels To Watch Out For!
The key level to watch out for in the coming days is the $1,954 previous highs in the 1-hour timeframe. As far as the Ethereum price continues to trade below this $1,954 previous highs, we expect to see more bearish pressure come into the market and continue to push the Altcoin lower in the coming days.
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