Ethereum is forming an interesting technical setup worth watching. The price action is painting a clear inverse head & shoulders pattern, which typically signals bullish continuation.

Here's the key levels: After bouncing from the volume shelf, ETH is now testing the $3300 zone—a critical area that could serve as the next launch point. If this support holds and momentum builds, the upside potential is substantial.

Target price to watch: $4955.90

The pattern suggests that once price consolidates around the $3300 volume shelf, we could see a meaningful move higher. This setup combines solid technical structure with volume confirmation, making it a scenario worth monitoring for traders positioned in ETH.