Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight?

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Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight? - NewsBTC

Quick Summary:

In a recent technical analysis shared on X, Van Lagen pointed to a massive 4-year inverse Head and Shoulders pattern forming on Ethereum’s 1-week chart—a classic bullish reversal signal.

Related Reading: HBAR Breaks Above Massive Falling Wedge – Expert Sets $0.38 Target ETH Price Tests Support After Key Reclaim Ethereum is currently trading at $1,740 after successfully reclaiming both the 4-hour 200 MA and EMA, key technical indicators that are now being tested as short-term support.

Related Reading: Ethereum Adds 12% In 24 Hours – On-Chain Metrics Point To Modest Resistance Ahead According to top analyst Gert Van Lagen, Ethereum could be on the verge of a historic breakout.