Is Ethereum forming a head-and-shoulders breakdown?Ethereum / US DollarCOINBASE:ETHUSDAltWoman📉 Is Ethereum forming a head-and-shoulders breakdown? ETH trades near $1,884 after its CPI-driven rally was rejected around $1,920. The chart is now forming a potential head-and-shoulders pattern—but the bearish signal is not confirmed yet. MACD remains bearish below zero, although the shrinking negative histogram suggests selling momentum is slowing. The next candle close matters more than the current wick. ⚙️ The setup: short on confirmation A confirmed 15-minute close below $1,883, followed by a failed retest, activates the pattern. 🔻 Entry: $1,881–1,884 🛑 Stop Loss: $1,892 🎯 Take Profit 1: $1,870 Reclaiming $1,890 weakens the setup. A move above $1,896 invalidates the immediate breakdown and puts $1,909–1,920 back in play. Tomorrow’s U.S. PPI and jobless claims at 12:30 UTC could provide the next volatility trigger Confirmed breakdown—or another bear trap? Disclaimer: This is not investment advice.