Ethereum Weekly Analysis: Double Top BreakdownHello guys!
Ethereum has formed a clear double top pattern on the weekly timeframe — a strong bearish reversal signal. The pattern is confirmed by:
🔹 A break of the ascending trendline
🔹 Strong rejection from the $3,200–$3,400 resistance zone
🔹 Current price action hovering near $1,780
🧭 Target of the double top pattern lies in the $1,350–$1,450 zone — aligned with a low-volume area on the volume profile, which could act as a magnet for price.
Key Takeaways:
If ETH fails to reclaim the $2,000 zone, more downside pressure is likely.
A bounce may occur in the target zone, providing a possible mid-term long opportunity.
📌 Stay cautious and watch for reaction zones, especially if ETH reaches the $1,400 region.
You can buy it at $1400!