Is this ETH head and shoulders legit or a fake out?

So a lot of people have been talking about a head and shoulders pattern forming in ETH. On one hand this is totally plausible, given the meteoric rise over a very short period of time and a bit of a drop in volume. However, it could also be a tactic to fake people out.

I've highlighted some key support lines that we might hit if we keep going down. So it's not time to freak out just yet, but the closer we get to the neckline the more probable it is that we will see a downtrend.