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Most traders see a double top and immediately expect an immediate decline. The pattern only matters when the market confirms it.
$ETH is testing a key resistance zone while struggling to break above the long-term EMA. At the same time, momentum is starting to fade, with the MACD forming lower highs even as price tests the same level.
The neckline is the level to watch. If buyers continue to hold it, the pattern remains incomplete. If broken, it signals that sellers are finally taking control after a strong rally.
A pattern is just a possibility. Confirmation is what moves the market.
#Ethereum #ETH #Crypto #PriceAction #MarketStructure