Ethereum: Inverse Head and Shoulders Pattern Forming

@TATrader_Alan highlighted that $ETH has formed a large inverse head and shoulders on the 3-day chart since January, with the right shoulder now developing and a clean neckline breakout potentially sparking a major advance.

Price sits at $2326.69 on the 4-hour chart inside a bearish structure defined by the EMA50 at $2364.0 and EMA200 at $2467.99. Momentum remains neutral with RSI(14) at 45.28 while the MACD death cross at -7.64 keeps downside pressure intact. With price testing the upper Bollinger Band resistance at $2376.85 and the lower band support at $2295.19, the next move likely hinges on whether bulls can sustain a push above the 50-EMA confluence or whether the death cross forces a retest of the lower band before any neckline attempt on the higher timeframe.