This was the move needed for Ethereum to shake out holders for the final move . Ethereum exchange outflow at all time highs, NFT narrative, scale with Optimism, Berlin upgrade, EIP 1559, all plus, plus. Classic shake out. Buy or Wimp out.
I think this is more likely than the H+S that most people are drawing from the action at your right shoulder. I was under the impression that these types of patterns form on longer time-frames like you have laid out here with this past month + so I feel good here