The short-term head and shoulders top pattern for Ethereum has been formed. Do not chase the high; follow the strategy of mainly taking long positions at higher levels!

After the head and shoulders top pattern is confirmed, the market is likely to move downward: once the price breaks below the neckline, there will be a rebound towards the neckline. If the rebound encounters resistance, it is the best point to short again. The target decline is usually equal to the vertical distance from the head to the neckline.

If the rebound is accompanied by volume and breaks through the neckline and stabilizes, the pattern is invalidated. It may evolve into consolidation or a new upward wave, but the probability of this happening in a clear head and shoulders structure is relatively low. #加密行情预测 $ETH