A short update on ethereum prices.
I almost feel I dodged a bullet just now closing my short at near the low of the trading range. You can find my last ethereum trade with timestamp here
I think if we have more follow through. IE consolidation and push to higher high, we will retest the previous range at 0.028 or so. Head and shoulder you said? I wouldn't be convinced unless price breaks the shoulders hard.
ETH is highly volatile and illiquid compared to the Bitcoin market, I am currently allocating 20% of account size trading Ethereum. Expect P/L to swing widely!
On 6-7-2016, Future ETH trades are switched from ETHBTC to ETHUSD because BTC was more volatile than ETH itself. To get USD exposure, the position is synthesized by trading ETHBTC while hedging BTC of equal value on okcoin weekly futures.