Ethereum Head & Shoulders Pattern Reveals New Target, A Crash Below $4,000 Is Coming
Crypto analyst Meliketrader has shared a chart on TradingView that’s about as grim as a rainy Tuesday afternoon. It shows the formation of a classic Head and Shoulders pattern on the Ethereum 4-hour chart. The left shoulder was visible back in August, with the head popping up just in time for a dramatic end-of-month entrance. The right shoulder made its appearance in mid-September, adding a certain ‘je ne sais quoi’ to the whole mess.