Ethereum has developed a multi-year inverse head-and-shoulders pattern, with a critical neckline at $4,800. A significant acquisition by a Bitmine-linked wallet, which purchased 21,537 ETH valued at $59 million, indicates renewed interest from large holders. Currently, Ethereum is striving to reclaim the $2,800–$2,900 range, a historical support zone. A breakout above the $3,300–$3,400 level could confirm the bullish pattern. Meanwhile, the total value locked on Ethereum has reached $65.7 billion, reflecting steady growth in recent months.