A few days ago, Ethereum was fluctuating around $2800, and the market was buzzing with opinions. But if you really look at on-chain data, you'll find some interesting things—long-term holders' selling volume has dropped off a cliff, down by 95%. This is no coincidence.



Anyone who has been tracking on-chain movements for years knows that such sharp contraction in selling pressure usually signals something. The earlier high-level oscillations were a form of screening; those less committed were washed out long ago. Those who remain are mostly people who truly believe in Ethereum's long-term prospects. Not only are they not selling, but they are quietly accumulating.

The logic is quite straightforward: when selling pressure continues to weaken to a certain point, any influx of buying could trigger a significant rebound. This is a classic market supply shock.

You might ask, with the price currently hovering around $3000 and seemingly stagnant, why is it worth paying attention? Because this is often the calm before the storm. Major market moves often start with this kind of sluggish sideways consolidation, seemingly without warning. From a technical perspective, Ethereum is forming a reverse head and shoulders pattern that is nearing the completion of the right shoulder. Once this pattern fully forms, according to conventional technical analysis, the upside potential could reach the $4400 range.

Of course, the recent resistance level is around $3000. This "supply wall" is a dense zone of previous trapped positions, and a short-term breakout would require enough buying momentum. But looking at the behavior of on-chain holders, this momentum is brewing.
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TopBuyerBottomSellervip
· 2025-12-29 13:59
It's the same old story again, long-term holders can't sell, so they just wait for takeoff? Wake up, I've fallen for this logic at least five times. $4400? Let's first get past $3000, I've been hearing about this "supply wall" for half a year. Inverse head and shoulders pattern, very elegant posture, but I've never seen it actually happen. On-chain data looks great, but it's all for nothing; retail investors should cut their losses or not.
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SwapWhisperervip
· 2025-12-29 13:34
The 95% sell pressure collapse is somewhat real, but is the $3000 resistance really that easy to break? I want to see when this wave of momentum will come. Long-term holders are quietly accumulating, feeling good, but retail investors are still debating whether to buy the dip. A reverse head and shoulders pattern pushing to $4400? First, break through $3000, then talk. Don’t let it be another false alarm. Wait, is the cliff-like drop in sell volume a good thing? Then why hasn't the price followed up? I don't quite understand this logic. On-chain data doesn't lie, but the question is, when will this rebound start? It’s driving me crazy. I've seen many of these oscillation and shakeout patterns, and in the end, the price just can't go up. The disappearance of 95% sell pressure is actually a bit strange. Could it be a storm before the calm? Is $4400 just an imaginary space or a real target? I feel like I should start reducing my position soon.
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MevTearsvip
· 2025-12-29 05:38
Long-term holders' selling volume has plummeted by 95%. This detail is really worth pondering. With sellers shrinking to this extent, a rebound is just a matter of time. By the way, $3000 has been holding for so long, maybe something is really brewing. I've seen this kind of pattern before, and usually there will be a significant move afterward. But don't get your hopes up too high; the accumulation of trapped positions is dense here, and a breakthrough still requires strong buying pressure. I'm a bit curious about what the big players have been up to lately; is the on-chain data really this "clear"? Instead of speculating, it's better to watch the actual trend. If the inverse head and shoulders really forms, then there will be a story.
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OnChainSleuthvip
· 2025-12-26 16:49
Long-term holders' sell-off plummeted 95%? That's the real signal, not those mouthpieces talking nonsense. Waiting to see how the 3000 resistance breaks, it feels like it's coming soon. Reverse head and shoulders targeting 4400? If that's the case, I need to add more. Such weak selling pressure is really rare; the feeling of concentrated chips still feels comfortable. To put it simply, it's just waiting for buy orders to enter, and then sideways consolidation with a sudden move is the only use. Why do some people still believe in technical analysis? On-chain data is the real boss. The fluctuations around $3000 are really boring to death, but you're right, the calm before the storm is usually like this.
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ponzi_poetvip
· 2025-12-26 16:48
Long-term holders selling off with a cliff drop of 95%, this data is indeed incredible. Those who remain are true believers. In the short term, sideways trading is boring, but you're right, this is the calm before the storm. The $3000 supply wall won't hold for long. Is the inverse head and shoulders reaching a critical point? Then $4400 is not a dream, I am a bit hopeful. Bro, your on-chain analysis is reliable, much better than those who talk nonsense. It's slowly brewing, just waiting to be pushed up. The upward push is brewing, right? Then I’ll hold even tighter. 95% selling pressure shrinking, this signal is unmistakably clear. The crypto world is like this, dead silent before big events. $4400 is a bit of a dream, but technically, it does look promising.
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TradFiRefugeevip
· 2025-12-26 16:44
The 95% plunge in selling volume is indeed a strong signal, indicating that true believers are still holding on tightly. --- It's been a long time since the sideways trading, and finally someone is looking at on-chain data. Instead of guessing, it's better to look at the data directly. --- The $3000 threshold has been brewing for a while, hopefully it's not just another round of fake breakout. --- A reverse head and shoulders pattern to $4400? I did the math, and it seems too optimistic. Let's see if it can hold above 3200 first. --- Long-term holders are not selling; instead, they are adding positions. This is the most worth paying attention to. Day traders obsessing over short-term fluctuations are really pointless. --- The supply wall is right in front of us. Having concentrated chips alone is not enough; real money needs to come in. --- The on-chain data looks fine this time, but I want to know what institutions are doing right now. --- Disappearance of 95% of selling pressure sounds impressive, but when will the real rally come? Who believes in castles in the air? --- I'm tired of the sluggish sideways movement. I just want to see a decisive breakout. --- The idea of filtering chips is discussed in every cycle; in the end, it's always the big players eating the meat and retail investors drinking the soup.
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ChainBrainvip
· 2025-12-26 16:29
Sell-off volume plummeted by 95%? That's really intriguing, indicating that true believers are still holding on tightly. Not selling for a long time and quietly accumulating—that's the difference between retail investors and smart money. We're still debating whether to buy the dip at $2800, while they are already deploying their positions. Watching sideways movement may be boring, but this is the calm before the storm of a sharp rise. Once the inverse head and shoulders pattern breaks through the $3000 barrier, $4400 is no joke. On-chain data doesn't lie; holder behavior is the most honest market signal, more reliable than any analysis. Breaking through the $3000 resistance level will feel great, but for now, stay patient and don't get shaken out by the volatility, everyone.
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