Ethereum's price has dropped by nearly 20% from its December high, coinciding with a sell-off in Bitcoin and other altcoins. The decline has been attributed to outflows from Ethereum spot exchange-traded funds and an increase in exchange balances, suggesting investors are liquidating their holdings. ETH has also been impacted by surging U.S. bond yields amid a hawkish Federal Reserve stance. However, despite the pullback, Ethereum is forming an inverse head and shoulders pattern, indicating a potential bullish reversal. A breakout above the neckline at $4,085 could lead to further gains toward the all-time high of $4,865 and $5,000.



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