#ETH Bearish Cup and Handle Structure

4 Eyl

📊#ETH Bearish Cup and Handle Structure📉

🧠From a structural perspective From a structural perspective, we successfully constructed a bearish cup-and-handle structure after falling below the neckline of 2397.23. The ideal target area for this structure is 2078-2200. However, this structure is built in the buying zone of a large cycle, and I am not sure whether it can achieve its ideal goal.

📈Currently we are near the neckline resistance of 2397.23. If we fall from here to near the support area to build an hour-level long structure, then there is a high probability that we will not reach the ideal target area of ​​2078-2200.

📉If we rise directly to the inflection point resistance area, then the probability of us continuing to fall will be higher. Unless we can break through the short defense point, we should not be too optimistic.

Let’s see 👀

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