Ethereum - $170 is postponed, isn't it?

The most popular altcoin has not taken an advantage of the market growth, as its price remains at the positions of Friday, May 3. However, as we said in our Ethereum price prediction, the $168 mark was reached, but then it rolled back to $165 and even deeper.

On the hourly chart, the Head and Shoulders pattern was formed, as well as, the new level at $164 was created. In this regard, the quotes are supposed to be located between the $160 and $164 zones.
Unfortunately, there is no chance to reach $170 in the short-term due to the low relatively low trading volumes and lack of interest from buyers.