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The largest smart contracts token has not flinched in the last 24 hours, trading at $1,847 with $5.2 billion in trading volume coming in and backed by $222 billion in market capitalization. advertisement Ethereum Price Moves Closer to Bullish Pattern Breakout An Analysis of the  Ethereum price daily chart reveals the formation of an inverse head and shoulders (H&S) pattern. If validated, investors can acclimatize to a bullish outcome, where Ether climbs to $2,424. This is a bullish reversal pattern that signals a change in the direction of a downtrend. It consists of three consecutive lows, with the middle one being the lowest and the other two being roughly equal. The H&S is completed when the price breaks above the neckline, which is a resistance line drawn across the highs of the two pullbacks $1,960 in Ethereum’s case. Recommended Articles ...