ETH signals a reversal after stabilizing at $3000: Inverse head and shoulders pattern may indicate a $4800 target

GasWrangler · 2026-01-12T08:20:10+00:00

Ethereum has recently stabilized at the $3000 support level, with the price moving towards $3100. A reverse head and shoulders pattern has appeared on the weekly chart, indicating a potential trend reversal. If it breaks through $3400, it could rise further to $4800. On-chain data suggests that Ethereum may be undervalued; a breakout above $3100 could trigger a short squeeze, further driving the price upward.

GasWrangler

2026-01-12 08:20:10

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【Crypto World】Ethereum recently stabilized above the $3000 support level, with the daily chart showing a price rebound and moving towards the $3100 region. More notably, a reverse head and shoulders pattern has appeared on the weekly chart—such patterns often indicate a trend reversal. If the price can close above the critical resistance of $3400, it may face a wave of larger upward movement, with a target pointing to the $4800 level.

From on-chain data, the situation becomes even more interesting. ETH’s price increase lags behind the economic growth of the network’s fundamentals, suggesting there may be room for systemic undervaluation. Once the $3100 level is effectively broken, accumulated short positions will face concentrated liquidations, and this release of liquidity often further drives the price upward. Overall, Ethereum currently has a solid technical and on-chain fundamental basis for an upward trend.

ETH-1,8%

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AlwaysMissingTops

· 9h ago

Is the inverse head and shoulders pattern really valid? It feels like the first two times almost succeeded, but don't let it be a false breakout again and trap you.

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CounterIndicator

· 18h ago

The reverse head and shoulders pattern really can't be missed this time. Once 3100 is broken, it's our turn as coin holders to smile... The moment of short liquidation is truly satisfying.

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LiquidityHunter

· 18h ago

The liquidity gap caused by the short squeeze at the moment when 3100 was broken through is what I focus on... The spread might be more interesting than the $4800 target itself.

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SmartContractRebel

· 18h ago

Inverse head and shoulders at 4800 again? Bro, do you dare to follow this time? I'm too scared to...

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RealYieldWizard

· 18h ago

I've heard the reverse head and shoulders explanation too many times; let's talk about it when it actually breaks through 3400...

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MemeCoinSavant

· 18h ago

ngl the inverse head and shoulders thesis is giving "i studied one chart pattern and now i'm a technical analyst" energy... but the on-chain data disconnect lowkey checks out tho fr fr

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BearMarketBard

· 18h ago

The inverse head and shoulders sound good, but can 4800 really be reached? It feels like the same old story.

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TokenomicsTinfoilHat

· 18h ago

I've heard the reverse head and shoulders explanation many times, but the key is whether it can break 3400. Only after breaking it can we talk about 4800; otherwise, it's just another false alarm.

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