Inverse H&SInverse Head & Shoulders pattern printing on the sell the news event on Ethereum ETF as it starts to trade.
Validation of the Inverse H&S is on breakout of the neckline at $3451 (+/- 30$) on high volume and preferable later a retest of the neckline as support
The invalidation of the Inverse H&S is a candle close below $2930. We might go there as Grayscale probably will bleed a lot from their high fee ETH trust.
Target: At $4069 that coincides with highest price of the year