2026-02-09 08:40:28

$ETH is printing a clear inverted Head & Shoulders structure on the 15m chart. The left shoulder and head are already formed, and the right shoulder is developing near the same resistance band, showing sellers are still active on every push higher. This is not panic selling — it’s controlled distribution.

Price is currently hovering around 2080–2090, which is acting as a neckline reaction area. As long as #ETH stays below the dotted resistance path, upside remains capped and moves are likely to stay corrective.
If momentum weakens further and this structure plays out, downside continuation becomes the higher-probability path.
Support: 2070 → 2055
Resistance: 2105 → 2120
#BuyTheDipOrWaitNow? #BitcoinBouncesBack
$ETH

ETH-4,17%

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