Ethereum technical dual signals: Head and shoulders pattern and Wyckoff sequence indicate upward potential

【Crypto World】Recently, two Ethereum charts have been circulating on social media platforms, both illustrating different bullish patterns, attracting the attention of many traders. One chart shows an inverse head and shoulders pattern, while the other points to a Wyckoff accumulation sequence — it’s quite uncommon to see these two classic technical patterns appearing on the same asset.

Some analysts focusing on the inverse head and shoulders pattern are paying close attention to the weekly chart. They believe that as long as Ethereum can break through the key neckline resistance, the next price target could surge to $7,000. This prediction is based on the classic breakout logic of the head and shoulders pattern.

Another trader interprets the recent price movements from a Wyckoff perspective. In his view, Ethereum has already begun transitioning from the accumulation phase into the markup phase. According to Wyckoff theory, such a reversal often signals the arrival of a larger market move. He is more aggressive with his target price, suggesting it could reach around $10,000.

However, both analysts openly admit that while these patterns look promising, they still require confirmation from subsequent market action. After all, no matter how beautiful the patterns appear, the true market trend is the ultimate test. Therefore, while paying attention to these patterns, traders should remain cautious and wait for clearer breakout signals.