Ethereum is forming a really strong major reversal signal with a formation. A break of major neckline support at 1096 (38.2% , horizontal overlap support, neckline support) could trigger a strong move down towards 917 support (61.8% , horizontal swing low support). If price breaks this major level of support, then our major would be at 1177 ( , horizontal overlap resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice.
Most importantly why did it fail? Because poster zoomed in so closely. These patterns only hold real value when looked at in weeks and months not hours and a few days.