Ethereum is trading near critical technical and on-chain levels, with analysts tracking a large inverse head-and-shoulders pattern pointing to a possible move toward $4,955.90. The structure appears on the daily ETHUSD chart shared by analyst Donald Dean. Price action now sits between major volume shelves and long-term whale cost levels, placing Ethereum at a pivotal market zone where historical reversals have occurred.
The pattern shows a left shoulder near $2,450, a head close to $2,100, and a developing right shoulder above $2,300. ETH recently rebounded from a high-volume node around $2,260. Price is now advancing toward the $3,300 volume shelf, which has previously acted as an acceleration zone rather than a rejection area.