Target: 170.00
Risk: 116.50
Technical reasons:
Ethereum price retested the breached neckline of the inverted head and shoulders’ pattern and the price rises again, and it needs to surpass 154.00 then 163.50 levels to confirm not facing a double top pattern that will press the price to turn to decline.
Surpassing the mentioned levels will lead the price towards 191.50, while breaking 116.50 will stop the expected bullish trend.
Risk: 116.50
Technical reasons:
Ethereum price retested the breached neckline of the inverted head and shoulders’ pattern and the price rises again, and it needs to surpass 154.00 then 163.50 levels to confirm not facing a double top pattern that will press the price to turn to decline.
Surpassing the mentioned levels will lead the price towards 191.50, while breaking 116.50 will stop the expected bullish trend.