$ETH If 3.5k doesn't hold, perhaps we see something like this.... assuming macro wave 5 of this impulse has yet to play out.
Comment:
Messed up this idea, it is following an H & S pattern so far, break 3500 to invalidate, if it were to complete then expect a break down, not a leg up. Target would be 700 if it were a H & S. I cant see that happening, but I dont make the rules. That would indicate a deep bear market ahead of crypto especially ETH and L1. Perhaps we get an invalidation rather than a pullback at 3500 and hit 1.272 - 1.618 ext mid year 2022