In the short term, Ethereum still has that head and shoulders bottom structure. It was previously mentioned that the right shoulder might be similar to the left shoulder, and after the spike, it closed back. Unexpectedly, it took multiple daily candles to complete the symmetry of the left shoulder.

Next, we will see if it can break through and stabilize above the neckline. Once confirmed, ETH is expected to challenge its all-time high. $ETH