Ethereum Is Party-Planning Again, But Let’s Not Forget About the Neighbors 😂

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Look at this, Ethereum’s climbing again-up over 2% in the last 24 hours. It’s practically positive all month. But let’s face it, beneath all this hoopla, the setup looks like a blimp on a tightrope. Fragile is just one way to describe it.

There’s this bearish pattern looming like a bad haircut that won’t fade. Unless it’s supported, this comeback could flop faster than a bad joke at a comedy club.

Ethereum Price Rises Within a House of Cards Structure

Ahead of the rebound, Ethereum’s stuck in a head and shoulders setup, like the one everyone had at that sketchy surprise party we all attended in 2020-the daily chart version, of course. The January 6 peak? That was the right shoulder, by the way. And here we are, trying to balance on this rickety framework.

Here’s the deal: head-and-shoulders patterns usually ditch you quietly, like that neighbor who only nods when you bump into them. Sure, the price might rally for a while, but it’s not safe until we avoid that pesky neckline mess around $2,880 for ETH-a number that reeks of uncertainty.

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Short-term holders are adding to my infamous skepticism. That short-term holder NUPL thing-it’s in the rough zone, creeping up to highs. So, without further ado: it’s time for some profit-taking if this ride goes any higher.

Those HODL Waves are telling us these short-termers got shipshape and left town. Lovely, right? That means this whole NUPL risk drama might have already played its hand.

This 1-week to 1-month crew. Imagine this: from a whopping 11.5% supply in mid-December, they dropped down to around 3.9%. It’s like watching Seinfeld reruns-nothing’s changed but you feel like it is.

That annoying selling pressure has taken a hike, and this bounce isn’t being pushed by those aggressive, take-no-prisoners new demand types. Seems like disinterest, but hey, not having short-term actors might just let ETH go past this limbo club and reach for new highs. Small victories, right?

Dip Buying and Longest-Standing Holders Are the Unsung Heroes of the Price Stabilization

Why ETH hasn’t taken the plunge you’d expect? It’s because of this invisible, annoyingly supportive base.

The Money Flow Index (MFI)-because of course, we use buzzwords-shows this funky bullish divergence. Look, Ethereum price is off its highs between December and January, but MFI decides to strut across higher highs instead. This means folks are hopping in during pullbacks, throwing caution to the wind like my decision making on laundry days.

Even if MFI is sulking a bit now, it still smugly sits above its previous low peaks. As long as this juggler act continues, selling pressure is just sitting there, not peeing its pants in panic.

Bringing more drama: the 6-month to 12-month holder gang upped its share from about 14.7% to roughly 16.2% since late December. We’re talking steady accumulation; nothing flamboyant.

So, a blend of decreased short-term hoarding, dip buying déjà vu, and steady longer-term supporters is why ETH is bobbling along rather than doing a dive. But, hey, support is less about removing risk and more like putting a band-aid on a leaky boat.

Ethereum Price Levels: The Ones That Decide If This Party Ends Badly or Not

So here’s our current pickle: Ethereum standing at some critical juncture. The bigshot on deck today is $2,880, marking the neckline. A daily closure below this would unleash the wrath of the head-and-shoulders structure, and we could be looking at a nasty 20% dip. We’re talking real bargain basement prices here.

Staying above that, we have another trial area between $3,090 and $3,110, or just to be indecisive, $3,100. Those numbers are important not just for their math but because they’re a real crowd-puller where roughly 1.44 million ETH have swapped hands before. Think of this like a food court-lots of activity, loud voices, and extraordinary impulse buys.

If Ethereum stays buoyant in this play-basis zone, buyers seem like they’re still in, defending their stake like it’s their grandma’s diamond earrings. If not, we’re watching ETH go for a nosedive toward $2,970, then that oh-so-important $2,880 level.

To genuinely wash away the gloomy head and shoulders doom, ETH will need to strut confidently past $3,300. If it manages arrogance above $3,440, the bearish nightmare vanishes-poof!-like that time I tried to floss in the shower.

Ethereum Is Party-Planning Again, But Let’s Not Forget About the Neighbors 😂

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2026-01-12 12:17