<ul><li>Ethereum is trading around $2,500, showing signs of consolidation after failing to breach the $2,700 level earlier in the week.</li><li>Analysts suggest that Ethereum may be forming an inverse head and shoulders pattern, which could indicate a bullish reversal towards retesting the $2,700 level.</li><li>For Ethereum to lead a potential altseason, it needs to surpass $3,000, as it historically paves the way for broader altcoin rallies.</li><li>Key levels to watch for Ethereum include immediate support at $2,511 and resistance at $2,700, with a breakout potentially triggering a move towards the $3,000 mark.</li></ul>

Ethereum Forms Inverse H&S – Bulls Eye Breakout Above $2,700 Level

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