Ethereum ($ ETH ) is back in the spotlight as bearish analysts warn of an incoming crash. Some market voices are even urging traders to sell their ETH positions before a supposed downturn. The concern is based on interpretations of a potential Head and Shoulders pattern forming on the daily chart. But a closer look at the data tells a very different story — one that leans more bullish than bearish.
ETH/USD 1-day chart - TradingView
Instead of a collapse , Ethereum’s structure suggests a bullish continuation. As long as $ETH stays above $4,356, buyers are in control. A push toward $5,000 looks more likely than a breakdown. Only a decisive drop below $3,800 would revive the bearish scenario — and current momentum makes that outcome increasingly unlikely.
While some analysts are calling for a major Ethereum crash and advising traders to dump their coins, the chart tells a very different story. With ETH breaking resistance, reclaiming moving averages, and showing positive RSI momentum, the bearish Head and Shoulders setup is effectively invalidated. Instead of a collapse, Ethereum appears to be building momentum for a new rally — with $5,000 firmly in sight.