Ethereum Giant Head and Sholders

OKX:ETHUSDT.P   ETHUSDT Perpetual Swap Contract

[Ethereum equals BTC in a dangerous head and sholder formation.
Losing there in the region of $1,680 breaks the neckline.
I put the measure move of the high leg of this head and holders, vertical line in red and it's coming to $1,240 and it seems exaggerated but that's it.
Now we are looking for the $1.700 region and it won't be good to miss it.
After that the more coherent target and the $1.390 and below it loses the bullish structure.
Maximum attention is for the S&P500 that will dictate the next chapters.


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