ETH.D: Inverse Head and Shoulders Pattern Forms

Trader Tardigrade flags a completed inverse head and shoulders on the ETH.D weekly chart, with the right shoulder now at its low and a bullish candle following the hammer formation.

Ethereum trades at $2319.24 on the 4h, holding above the EMA50 at $2294.64 while the EMA200 at $2422.15 caps upside; the MACD golden cross at 6.02 keeps the structure bullish, yet price sits inside the Bollinger band with upper resistance at $2324.82 and lower support at $2232.32, so any push into the upper band with RSI at 58.82 likely meets a quick retracement toward the 50-EMA before continuation.