Ethereum (ETH) technical outlook warms up, breaking through the neckline may challenge $2,500

Although Ethereum has fallen about 20% since February and temporarily lost the $2,000 level, on-chain data shows positive signals: over 2.5 million ETH flowed into long-term accumulation addresses in February, with staking ratios exceeding 30% and continuously decreasing circulating supply. Technically, the 4-hour chart is forming a bullish "Adam and Eve Bottom" pattern. If it can effectively break through the $2,150 neckline, the target range is projected to be $2,473–$2,634. The current $1,909 is a key support level with potential for a rebound.