High
The formation of a head and shoulder pattern on ethereum's chart, coupled with rejection from the $3,000 level, suggests a potential significant breakdown to $2,400, representing a 15% drop.
High
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Bearish
Ethereum has formed a head and shoulder pattern, with the left shoulder around $2,780, the head at $3,400, and the right shoulder forming after rejection from $3,000. analysts warn of a potential drop to $2,800 to complete the pattern, followed by a breakdown to $2,400 if key support levels (like $2,700-$2,800) are lost.