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

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

Quick Summary:

How An $18,000 ETH Target Is Possible Still looking at Lagen’s Ethereum price chart, the analyst suggests that if ETH can surpass the $3,978 resistance level with strong volume, it could validate the Inverse Head and Shoulder pattern and open the door for a rally toward $18,000.

This key technical formation suggests that the Ethereum price is on track for a massive rally toward a bullish target of $18,000. Ethereum Forms Inverse Head & Shoulder Pattern The Ethereum price has been in a long consolidation period, experiencing a crash amid the ongoing market turmoil.

Lagen has identified the formation of the iH&S structure on the Ethereum chart, supporting his ambitious prediction with this renowned bullish chart pattern. The Inverse Head and Shoulder is a classic bullish reversal structure, often signaling the end of a downtrend and the beginning of a strong and new uptrend.