ETH may see a short-term drop

١٢ سبتمبر ٢٠٢٢

H&S top:
The price broke the right shoulder high of 1722.28, and the pattern was invalid.
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H&S bottom:
After the current price reached the resistance range of 1759.19~1788.46, it fell back to the support of 1717.54. A hammer line (arrow) appeared at this position, and after a short-term consolidation pattern (black box) appeared at 1717.54, the price broke upward, representing this is an effective support level.
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Small top pattern (black curve):
If the price falls below 1717.54, ETH will fall for a short time, pay attention to the support below 1684.40~1692.80, 1666.36 and 1637.18.
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