Ethereum is currently testing a critical resistance zone between $3,030 and $3,080, which serves as a dual neckline for both round-bottom and head-and-shoulders patterns. The Money Flow Index (MFI) indicates a breakout with strong inflows, while the MACD has crossed above, suggesting bullish momentum. If support at $2,950 holds, Ethereum could form a third impulse wave, targeting $3,180. However, a close below $2,960 would negate this bullish outlook.