ETH broke previous USD all time high last week but has been declining in BTC value as Bitcoin makes a big run up to 10k. The previous cycle retested 24% from the local high. If the Head & Shoulders completes, it will be a good place to buy back in for the next leg up on Ethereum.
How I'm playing it: Waiting for a retest in BTC price down to the fib level to complete the H&S. Enter a Long as the level turns to support and price rebounds back up.