Ethereum’s Head and Shoulders: Will the Bulls Rise Again or Just Keep Napping?

Now, let’s talk about this Head and Shoulders pattern, which is basically the Mona Lisa of technical analysis. It’s so recognizable that even your grandma could spot it. This masterpiece was first unveiled by the crypto oracle MelikaTrader94 on TradingView. The pattern features a left shoulder, a head that’s peeking above $2,700 like it’s trying to get a better view, and a right shoulder that decided to stop by around $2,650. The neckline, which is the emotional support of this whole affair, was breached during Ethereum’s recent plunge to $2,380. Talk about a dramatic plot twist!



