Ethereum Forms Complex iH&S Structure, Why $18,000 Is The Possible Target

Quick Summary:

How An $18,000 ETH Target Is Possible Still looking at Lagen’s Ethereum price chart, the analyst suggests that if ETH can surpass the $3,978 resistance level with strong volume, it could validate the Inverse Head and Shoulder pattern and open the door for a rally toward $18,000.

This key technical formation suggests that the Ethereum price is on track for a massive rally toward a bullish target of $18,000.  Ethereum Forms Inverse Head & Shoulder Pattern The Ethereum price has been in a long consolidation period, experiencing a crash amid the ongoing market turmoil.

Lagen has identified the formation of the iH&S structure on the Ethereum chart, supporting his ambitious prediction with this renowned bullish chart pattern.  The Inverse Head and Shoulder is a classic bullish reversal structure, often signaling the end of a downtrend and the beginning of a strong and new uptrend.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: ETH Ethereum Ethereum news ETH news Ethereum Ethusd Ethereum price Eth price Head and Shoulder Pattern ETHUSDT Gert Van Lagen IH%S Structure

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 01:00:13 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 64 lines

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Copyright Owner: © NewsBTC

News ID: 27341573

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