This article is only a personal market opinion and does not constitute investment advice. Any trading based on this is at your own risk.

After more than half a month of fluctuations, the market has chosen to move upward again. BTC has formed a clear head and shoulders bottom pattern on the daily chart, with increased trading volume upon breaking the right shoulder. After the CPI data was released yesterday, a short-term game completed a pullback to the neckline. Therefore, this should be considered an effective head and shoulders bottom, with a corresponding rebound target at 119,000+, highly likely to challenge the previous high again.

Looking at ETH, it is evident from the 4-hour candlestick chart that within the entire fluctuation area, from left to right, trading volume has been continuously shrinking until it started to rise again on the far right, where the volume gradually increased, meeting the requirements of the fluctuation pattern. The MACD and candlestick trends also show a rounded bottom pattern, while the candlestick trend simultaneously exhibits rectangular fluctuation characteristics. This morning, the price broke through the upper boundary of the fluctuation area—4500. If it can close above 4500 today, we should continue to be optimistic about the subsequent trend.

From the weekly candlestick perspective, ETH has started a pullback after reaching its historical high. The period from March 2024 to August 2025 has been blocked at 4100 for nearly a year and a half. After breaking through in early August, the resistance line at 4100 has turned into a support line, and this pullback only briefly dipped below 4100, with the price continuing to operate above the support line thereafter.

I personally believe that ETH has the momentum to challenge the previous high again. If it can break through, the potential for growth will be completely opened up. Let's wait and see.

In my watchlist, there is another public chain coin that has recently completed a breakthrough—AVAX. After fluctuating for 7 months, it has completed a weekly W-bottom breakout, and there was sufficient accumulation time before the breakout. We should be optimistic about the subsequent trend and keep an eye on it.

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