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$ETH 2000$โ๏ธ๐๐๐ธ
$ETH
On the chart, we observed the formation of a bearish head and shoulders near the resistance zone. Now the market has not only formed this pattern, but has also successfully broken the support level. After this development, it is estimated that there is now an 80% probability that the market will fall below. This means we may observe bearish momentum, which could lead to further declines in the price of Ethereum. Traders should now apply additional risk management strategies from now on.
On the chart, we observed the formation of a bearish head and shoulders near the resistance zone. Now the market has not only formed this pattern, but has also successfully broken the support level. After this development, it is estimated that there is now an 80% probability that the market will fall below. This means we may observe bearish momentum, which could lead to further declines in the price of Ethereum. Traders should now apply additional risk management strategies from now on.