ETH 30m Head & Shoulders: Dual H&S Setup + Overbought RSI Flags…
ETH 30m Head & Shoulders: Dual H&S Setup + Overbought RSI Flags Stall-and-Roll
ETH’s 30m chart is printing a well-defined Head & Shoulders structure with the Left Shoulder at $2,522.80, Head at $2,664.81, and Right Shoulder completing near $2,613.99 — all against a neckline drawn through the two troughs at $2,432–$2,461. Price has since rallied back toward current levels of ~$2,727, but RSI is now overbought at 71.9 and MACD momentum, while still positive, is showing histogram deceleration. Critically, a second, tighter H&S is simultaneously ‘playing out’ on the most recent candles (LS $2,660 → H $2,665 → RS $2,649), aligning bearish pressure with key overhead resistance at $2,748.87. Candlestick evidence reinforces the bear case: a Shooting Star ($2,720) and Bearish Engulfing ($2,712) have appeared in the last 3 candles, with only a modest Bullish Harami as counter-signal. The outcome projection — replayed from the highest-confidence historical match (88%, confirmed win) — traces a stall-and-roll sequence: brief push toward $2,737–$2,741, then a decisive fade through $2,700 and into the $2,663–$2,682 target zone over the next 10–20 candles (5–10 hours).
