ETH - Inverse H&S #2

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ETH - Inverse H&S #2EthereumCRYPTO:ETHUSDVIAQUANTYesterday we made a post outlining a potential inverse H&S pattern for ETH if price could hold $4,250. However, with Trump's tariff announcement today that low was broken therefore negating the pattern. Looking at the chart now there is still a potential for a larger H&S to develop if this $1,070 low can hold. So far that is exactly where price wicked to (white line) and so far has held. If we readjust the left shoulder to the first low that was established we could be forming the right shoulder at the exact same level! We have been outline the $1,060-$1,090 level as an EXTREMLY key level for many of our past posts so its important to see how price action develops here. If price can hold this level and rebound, the right shoulder should be completed still giving us a measured breakout of around $6k. Keep in mind, if the low is broken then all eyes will be on if we create a lower low before our last low. If that is the case, refer to our last post outlining that scenario.