Grayscale Ethereum Trust ETF appears to be forming a giant head/shoulders. If it continues in that direction, this would make it bullish in the near-term, up to around 20-21.
After hitting 20-21, pay attention to whether it succeeds or fails in confirming the pattern and the succeeding in staying below neckline lows or failing and moving back above the right shoulder.
Targets shown on the chart for either scenario. Look for a potential move up to 20-21 first.