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ETH/USD - Inverse Head & Shoulders Pattern in Play
The inverse head and shoulders formation is developing nicely on the chart. Price action is holding between the volume shelves, consolidating with progressively higher lows. This is textbook setup territory.
The critical level to watch? Break above $3400. That's when things could really get rolling. Until then, we're in accumulation mode with decent support underneath.
For those tracking the downside: $2800 remains the key floor. Hold that and the pattern stays intact. If it cracks, all bets are off.
ETH, ETHE, FETH - keep these tickers on your radar.