Will Ethereum’s New Pattern Make You a Millionaire or Just a Laughing Stock?

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So, Ethereum (ETH) is back at it again, showing off a chart pattern that looks like it’s been recycled from last year’s economic dumpster fire. Traders are all a-twitter, comparing it to the dramatic rollercoaster ride of 2021-2022. You know, the one that ended with investors crying into their pillows after a sharp decline? But hold onto your wallets, folks! This time, the setup might just suggest a different flavor of doom-like vanilla instead of chocolate!

ETH Price Movement in 2021-2022: The Horror Story

In 2021 and early 2022, Ethereum pulled a classic head-and-shoulders move. It’s almost like it was choreographed for a bad reality TV show: a left shoulder popping up in mid-2021, a dramatic head peak later that year, and a right shoulder crashing down like a poorly timed punchline in early 2022. Spoiler alert: the neckline support failed spectacularly in mid-2022, leading to a drop of over 65% in just under two months. Ouch!

2021-2022 Cycle

➺ $ETH rocked the head and shoulders pattern

➺ Lost the uptrend faster than a comedian bombing on stage (dumped 65% in 2 months)

2025-2026 Cycle

➺ ETH is back with an inverse head-and-shoulders pattern!

Get ready for a breakout so big it might just blow the roof off this joint!

– Max Crypto (@MaxCrypto) January 20, 2026

That drop? Yeah, it ended the previous uptrend like a bad date. The pattern matched the textbook example of a reversal structure, but hey, who reads textbooks anymore? Traders still use that formation as a reference point while nervously sweating over their screens.

Now, we’ve got a shiny new pattern forming on the ETH chart. Cue the drumroll! It’s an inverse head-and-shoulders pattern this time. The left shoulder made its grand entrance around mid-2024, followed by a lower low forming the head in late 2024. And look out-here comes the right shoulder developing in early 2025, like the punchline you didn’t see coming!

The neckline lies between $4,000 and $4,400, which is still as far away from the current price tag as my dream of becoming a Broadway star.

Current Price and Market Activity: The Sequel

ETH is currently trading at $3,100, which is down more than 3% in the last 24 hours. It’s like watching your favorite sitcom get canceled-it just hurts! On Sunday, it briefly flirted with climbing above $3,300 before plummeting back down like a lead balloon. Over the weekend, ETH lost around 5%, thanks to broader market stress. Who knew stress could be contagious?

CW, a market analyst, chimes in with, “First, the CME gap near 3k will be filled, and then the next target will be 3.2k.” Ah, yes, the mystical prophecy of dips and recoveries!

And here’s the kicker: more ETH is being locked up for staking than ever before! Ethereum staking recently hit an all-time high, and new inflows are still pouring in like an unexpected surprise party. Meanwhile, major players are lurking in the shadows, waiting for the right moment to make their move. According to analyst Maartunn, Bitmine threw $14.6 billion into ETH in 2025 but has been as quiet as a mime since the new year began.

Bitmine dumped $14.6B into ETH last year, yet it’s as silent as a library in 2026.

No major moves (other than stacking) so far this year.

– Maartunn (@JA_Maartun) January 20, 2026

To add to the drama, a CryptoQuant analyst, _OnChain, stated,

“I see not only price action segmented into parts, but also time itself.”

How profound! This same report tracks how institutional holdings and ETF interest have followed key moments on ETH’s chart like it was a reality show-complete with fund-related metrics and responses to regulatory developments like the Clarity Act.

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2026-01-20 20:45