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Ethereum Update: Struggling With Support Level

Ethereum (BINANCE:ETHUSD)  
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BINANCE:ETHUSD   Ethereum
Support and Resistance Fibonacci Head and Shoulders ETH Ethereum (Cryptocurrency) ETHUSD ETHUSDT ETHBTC ethereumusdt ethereumusd
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supportandresistance fibonacci headandshoulders eth ethereum ethusd ethusdt ethbtc ethereumusdt ethereumusd
Ethereum is struggling with an important support level. This is the last defense of bulls to take back in control IMO. If it breaks this support I expect a crash to $1.7K and then a pullback to 3K level to complete the right shoulder of a huge H&S pattern and then the real bear market kicks in with the target of $1.1K.

  • This scenario can be played out in case of closing a weekly candle below $2.8K
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