Ethereum has an harmonic pattern formation which indicates a close position of a supply zone($3.6k - $3.7K) before a possible pullback. At the resistance zone in red, Ethereum is facing a resistance at $3.3k, failure to break the small rising channel could cause a pullback to $3.1k then a reversal will play out. The yellow dashed lines which shows consolidation of price with breakouts and breakdowns, eth is currently trading in the zone which i expect a hit at the higher high(climax of the harmonic pattern) then a hint on what's next should prolly uncover.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Kommentar:
This is a bearish butterfly harmonic pattern which insinuates a possible pullback after hitting the vertex of the pattern at 3.6k -3.65k.
