Currently, the trend of $ETH appears to be forming a head and shoulders pattern.

$ETH has formed a rising wedge structure in the 15-minute timeframe, accompanied by progressively lower highs (a triple top/head and shoulders top prototype), indicating a weak pattern. The lower trendline support has been tested repeatedly, and a directional choice is facing in the short term.

【Technical Points】:

The rising trendline support is around 2240; if it breaks down, it will confirm a short-term weakening;

The EMA moving average is pressing upwards (the purple line in the chart), indicating insufficient rebound momentum;

Strong resistance remains in the 2290-2300 area, making it difficult to break through;

The trend has entered the wedge's tail, with a high probability of a downward breakout.