The backend has recently been flooded with Ethereum-related issues. Most people are struggling: should I cut now or wait? Honestly, these kinds of questions usually reflect a lack of understanding of the current technical structure.

Ethereum is quietly forming a "reverse head and shoulders" pattern — it's not a complicated concept; simply put, it involves three lows and a neckline. The left shoulder and head are now clearly in place, and the right shoulder is almost complete. The key point is this: once the price breaks through the neckline (around $3000 resistance level), according to pattern measurement rules, the expected increase is at least equal to the distance from the neckline to the low of the head, which roughly corresponds to $4400. The target I calculated using on-chain data previously matches perfectly, and this is no coincidence.

More importantly, on-chain data is supporting this view. Long-term holders' selling has collapsed to 95%, meaning the supply of coins is becoming increasingly scarce. Many people ask me why technical patterns sometimes work well and sometimes don't? Ultimately, it depends on whether the market has sufficient capital support. Currently, the technical analysis and on-chain data are "resonating in sync," which significantly increases the reliability of this trend by 80%.

Some are worried about what to do if the price can't break through $3000. That is indeed a question worth considering. But in the context of dual signals resonating, the probability has already tilted clearly.