{"id":54448,"date":"2025-03-26T01:00:13","date_gmt":"2025-03-26T01:00:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54448"},"modified":"2025-03-26T01:00:13","modified_gmt":"2025-03-26T01:00:13","slug":"ethereum-forms-complex-ihs-structure-why-18000-is-the-possible-target","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54448","title":{"rendered":"Ethereum Forms Complex iH&S Structure, Why $18,000 Is The Possible Target"},"content":{"rendered":"

Ethereum (ETH)<\/a> is showing signs of a bullish breakout, forming a complex Inverse Head and Shoulder (iH&S) pattern on the weekly timeframe. This key technical formation suggests that the Ethereum price is on track for a massive rally <\/a>toward a bullish target of $18,000.\u00a0<\/p>\n

Ethereum Forms Inverse Head & Shoulder Pattern<\/h2>\n

The Ethereum price has been in a long consolidation period<\/a>, experiencing a crash amid the ongoing market turmoil. Despite recording massive declines<\/a> that have pushed its value significantly below all-time highs, crypto analyst Gert van Lagen on X (formerly Twitter) predicts<\/a> that ETH could still reach a price target of $18,000.<\/p>\n

Notably, Ethereum recently bounced off the $1,800 \u2013 $2,000 support range, which previously served as resistance during the \u2018Head\u2019 phase of the iH&S pattern. With this crucial retest confirmed, ETH may be entering the final stage of its reversal, set up to new all-time highs.\u00a0<\/p>\n

Lagen\u2019s $18,000 bullish target is more than 8X Ethereum\u2019s current price, underscoring the sheer magnitude of this projection. Lagen has identified the formation of the iH&S structure on the Ethereum chart, supporting his ambitious prediction<\/a> with this renowned bullish chart pattern.\u00a0<\/p>\n

The Inverse Head and Shoulder<\/a> is a classic bullish reversal structure, often signaling the end of a downtrend and the beginning of a strong and new uptrend. Considering the Ethereum\u2019s price has been in a downturn<\/a>, the formation of the iH&S chart pattern suggests that this prolonged decline may be finally coming to an end.<\/p>\n

In the analyst\u2019s chart, this left shoulder of the iH&S structure began forming from 2021 to 2022, experiencing a price peak before a pullback. From 2022 to 2023, a deeper decline occurred, marking the cycle low and the formation of the \u2018Head.\u2019 Finally, the right shoulder of the technical pattern was formed between 2024 to 2024, recording a higher low that aligned with the left shoulder.<\/p>\n

Lagen\u2019s price chart highlights that the most critical level to watch is the neckline of the iH&S structure, which is approximately $3,978 and acts as the primary resistance area<\/a>.<\/p>\n

How An $18,000 ETH Target Is Possible<\/h2>\n

Still looking at Lagen\u2019s Ethereum price chart<\/a>, the analyst suggests that if ETH can surpass the $3,978 resistance level with strong volume, it could validate the Inverse Head and Shoulder pattern and open the door for a rally toward $18,000. Conversely, if Ethereum fails to break above this resistance level, a prolonged consolidation or significant pullback<\/a> may occur before its next breakout attempt.\u00a0<\/p>\n

Lagen predicts that a rejection at the resistance area could see the Ethereum price drop to $1,888 \u2014 an important support level<\/a> which could prevent further declines. A drop to this support would represent a potential 52% dip from the main resistance level and an 8.52% decline from ETH\u2019s current market value of $2,055.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is showing signs of a bullish breakout, forming a complex Inverse Head and Shoulder (iH&S) pattern on the weekly timeframe. This key technical formation suggests that the Ethereum price is on track for a massive rally toward a bullish target of $18,000.\u00a0 Ethereum Forms Inverse Head & Shoulder Pattern The Ethereum price has […]<\/p>\n","protected":false},"author":0,"featured_media":54449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54448"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54448"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54449"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}