The Bull vs Bear Battle and Key Level Defense Strategy in the Right Shoulder of the Ethereum head and shoulders pattern under construction

The inevitability of the core pattern and the right shoulder pullback

• Warning of a 2-hour head and shoulders pattern: Currently forming the right shoulder of the head and shoulders pattern, a pullback is inevitable after the pattern is completed — the right shoulder is the last struggle stage for bulls, and one must be alert to the turning point after a lack of upward momentum, especially pay attention to the $3843 mark: if multiple attempts to break through fail, long positions should exit decisively to avoid being trapped in a pullback.

Key Level Trading Strategy

• Conditions for going long:

1. Breakthrough at $3688 → Buy on the right side, target $3708 → $3735, recover stop loss;

2. Pullback to confirm support at $3603 → Lightly position for a long, stop loss if it breaks below $3574;

3. Hold steady at $3708 → increase long positions, aiming for $3775, requiring volume support to break through the pressure ladder;

4. Left-side long position at $3518, stop loss if it falls below $3479 (deep pullback buy, right shoulder completion signal needed).

• Shorting conditions:

1. If it breaks below $3670 → short on the right side, target $3650 → $3603, unable to recover stop loss on a pullback;

2. Short position with light leverage at 3775 USD, stop loss at 3806 USD (resistance level for shorting, confirmation needed if the right shoulder meets resistance);

3. 4-hour level breaks below $3610 → increase short position, looking down at $3527, resonating with the head and shoulders pattern retracement.

The offensive and defensive logic of support and resistance

• The resistance zone of 3708-3775 USD:

◦ Each resistance level is a potential endpoint for the right shoulder. If 3775 dollars comes under pressure, it may directly trigger a pullback; 3843 dollars serves as a key position for the pattern, and multiple failures to break through it would be a strong signal for profit-taking on long positions.

• Support zone of 3603-3610 USD:

◦ $3,603 is an hourly short-term support, $3,610 is a 4-hour defensive line, and if it falls below, the head and shoulders pullback accelerates, and you need to give up the illusion of long orders after the support is lost.

Summary: Caution is needed when chasing long positions during the right shoulder phase of the Ethereum head and shoulders pattern. The core operation: follow up on long positions based on a breakout at $3688, closely monitor the resistance at $3843 and support at $3610, and decisively switch to short positions after the right shoulder completion signal appears, avoiding stubbornly fighting for highs.