ETH: POSSIBLE HEAD AND SHOULDER! ONE LAST LEG UP TO $1700!!

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Welcome to this ETH update.

ETH is forming a head and shoulder pattern in the 8hr time frame and currently, it is forming a right shoulder of this pattern. Also, bouncing from the 200MA So I'm expecting a bounce from here and there is a high probability that we might see ETH again at the $1700 level before its MERGE event in September.

Expecting the last leg up from here and after the merge event, we see a continuous downside movement.

Invalidation:- Candle close below the neckline and 200 MA

What do you think?
Do you also think that we might see the last leg up before the merge event or do you think that it is continuously going down?
Share your views in the comment section.

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Thank You!