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Ethereum has returned to a major support zone near $3,000 after forming another large inverse head-and-shoulders structure, creating a potential setup that traders have seen twice before on the same long-term chart.
Ethereum price charts show three clear inverse head-and-shoulders formations spaced across the multi-month trend. Each pattern appears around the same support band, shown as a wide grey zone on the chart.
The first pattern developed in mid-2024, when prices fell sharply before forming a bottom and recovering toward the ascending trendline. The structure was completed cleanly and pushed the market upward.
Another pattern appeared in early 2025. Price dropped deeply again before reversing from the same grey support region. The chart shows a large upward leg forming soon after prices reclaimed the zone.
The current pattern mirrors those earlier moves. Ethereum price has dipped into the same support area, where the newest inverse head-and-shoulders base has formed. The right shoulder sits almost exactly within the previous reaction range. This raises one question: can the market repeat its earlier recovery behavior?
The grey support band sits beneath several months of price interaction. The chart shows repeated reactions at this region, with buyers stepping in each time the price approached the zone.
In the first cycle, the support caught a strong decline and formed the left shoulder of the initial pattern. The zone acted as a structural floor during several retests and created a foundation for the market’s upward move.
During the second cycle, the price returned to the band after a steep sell-off. The zone once again held firm and formed the head of the pattern. A sharp recovery followed as the price surged back toward the trendline.
Now, in the latest move, the price has tapped the same support once more. A new right shoulder is outlined on the chart, and the projected recovery path shows an upward arc toward the upper trendline near $5,500.
Also Read: ETH Touched $3,000, But Traders are Still Skeptical, Here's Why
A dotted diagonal trendline stretches across all three pattern peaks. Each upward move after a reversal points toward this ascending resistance level.
In the first pattern, the price reached the trendline before a sharp pullback. The second pattern repeated this behavior, touching the diagonal level after months of steady gains.
The current projection shows a similar upward trajectory. The blue forecasted path illustrates a possible advance from the ETH support zone toward the same long-term trendline. The target sits between $5,000 and $5,500 based on previous reactions.
The chart does not show guaranteed outcomes but repeats a technical structure that has appeared twice before with similar formations and distance measurements.
Ethereum’s chart shows a third inverse head-and-shoulders pattern forming at the same support zone, matching earlier structures that preceded strong recoveries. The long-term trendline remains the next potential target if the pattern completes. Traders may watch this support closely for continued confirmation of the structure.
