ETH/USDT Analysis -> towards upper levels

[ed]

Hello guys!

Currently, Ethereum is trading inside a clear ascending channel and has just formed a potential inverse head & shoulders pattern near the channel’s support. This setup gives us two possible scenarios:

Scenario 1:
If ETH continues its bullish momentum and breaks above the mid-line of the channel, we could see a strong push toward $5,116, which is also aligned with the channel’s upper boundary.

Scenario 2:
If ETH fails to hold above the current levels, we may first see a retracement back toward the $4,200 – $4,250 support zone (channel bottom). From there, the price can gather momentum and still aim for the $5,116 target in the bigger picture.

Conclusion:
Both scenarios point toward a bullish bias in the mid-term. The difference lies in whether we get a direct rally (Scenario 1) or a deeper correction before continuation (Scenario 2).

[Maxwell]

Solid analysis! The inverse H&S lining up with the channel support makes the bullish case stronger. I like how you mapped both paths — whether ETH rallies straight away or takes the scenic route through $4.2k, the $5.1k target still looks very realistic.

[Nahiar806]

1️⃣ Great breakdown! The confluence of the ascending channel and inverse H&S gives a lot of clarity. Watching how ETH reacts around the mid-line will be key for timing entries.

[rafihasan]

Nice scenarios outlined! Even if we dip to $4,200–$4,250, that would just be a healthy retest before continuation. Bulls still seem to have the upper hand overall.

[Nahid10]

The inverse head & shoulders near channel support is a very bullish sign. If ETH clears the mid-line with strong volume, $5,116 looks highly achievable. Structure + momentum both favor continuation in this cycle.