The post Ethereum Price Targets $4,400 as On-Chain Selling Collapses? appeared on BitcoinEthereumNews.com.

Ethereum price has traded almost flat over the past week, barely moving despite endless predictions. On the surface, nothing looks to be happening. But the chart and on-chain data together tell a very different story. A clean breakout structure is forming, and at the same time, selling pressure from long-term holders has collapsed. That combination is rare. If it holds, Ethereum’s next major move may already be in motion. Sponsored Inverse Head-And-Shoulders Breakout Aligns With On-Chain Selling Collapse On the daily chart, Ethereum is forming a well-defined inverse head-and-shoulders reversal pattern. The structure has a relatively flat neckline near the $3,400 zone, which is important. Flattish necklines tend to attract stronger follow-through when the price finally breaks through. If Ethereum closes decisively above this neckline (around $3,400), the measured move from the then confirmed pattern points toward a target near $4,400. That target comes directly from the height of the head projected upward. From a technical perspective, the setup looks clean. Ethereum Breakout Pattern: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. What makes this pattern more compelling is what is happening on-chain. Hodler Net Position Change measures whether longer-term holders are selling or accumulating. Since November 26, this metric has shifted dramatically. At that point, long-term holders were selling roughly 1.1 million ETH. By December 23, that number had dropped to just 54,427 ETH. Sponsored That is a reduction of more than 95% in selling pressure. Holder Selling Dips 95%: Glassnode This matters because long-term holders tend to reduce selling near important turning points. When a breakout pattern forms at the same time selling pressure collapses, it suggests supply is drying up rather than increasing. That creates a stronger base for any upside move above the neckline. In simple terms, the chart…

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Filed under: News - @ December 24, 2025 8:21 am