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Ethereum Forms Complex iH&S Structure, Why $18,000 Is The Possible Target

  • Ethereum (ETH) forms a complex Inverse Head and Shoulder (iH&S) pattern on the weekly timeframe.
  • Bullish target of $18,000 is predicted for Ethereum as it bounces off the $1,800 - $2,000 support range, confirming the iH&S pattern.
  • The iH&S pattern suggests the end of the downtrend and the beginning of a new uptrend for Ethereum.
  • If Ethereum surpasses the $3,978 resistance level, it could rally towards $18,000; failure to break above may result in a consolidation or pullback.

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