Ethereum Weekly Setup - Inverse Head & Shoulders Pattern Forming

ETH continues to establish a series of higher lows on the weekly timeframe, signaling growing buying pressure beneath the surface. The inverse head and shoulders pattern is shaping up nicely, with price now approaching the $3300 level - a critical zone for potential upside breakout.

This technical formation traditionally suggests a reversal from downtrend to uptrend. The consistency of higher lows validates accumulation activity and suggests bulls are stepping in at each pullback. Watch how price interacts with the $3300 launch area - a clean break above could catalyze the next leg higher.

Technical confluence at play here: the pattern completion, rising support structure, and weekly structure alignment all point in the same direction.