Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets

Cointelegraph

Published May 20, 2022 01:36PM ET

Updated May 20, 2022 03:20PM ET

Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows.

Most investors would agree that crypto is now in a bear market and the current price action for Bitcoin (BTC) and Ethereum (ETH) suggests that capitulation and consolidation are a ways away.

ETH/USDT 1-day chart. Source: TradingView
ETH/USD 3-day chart. Source: Twitter (NYSE:TWTR)
ETH/USDT 3-day chart. Source: Twitter
ETH/USD 1-week chart. Source: Twitter

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