The chip distribution pattern of Ethereum's weekly chart presents an intriguing state, as if marking the end of the bullish trend in 2022. At that time, the price of Ethereum failed to successfully break through the key resistance level. After a price pullback and chip whipsaw lasting for 3 years, Ethereum is now once again at the threshold of challenging that key price level.

In 2024, Ethereum attempted to break through three times but was unsuccessful each time. Entering 2025, the market underwent a complete chip Whipsaw, creating favorable conditions for Ethereum's resurgence. It is worth mentioning that starting from March 2024, Ethereum's weekly chart has shown a declining expansion trend, which is typically regarded as a characteristic of market extreme Whipsaw.

This chip distribution and price trend suggest that Ethereum may be at an important turning point. After a long period of adjustment and chip redistribution, the market seems ready for a potential significant pump. However, investors still need to be cautious and closely monitor market movements, as breaking through key resistance levels often requires strong momentum support.

As the cryptocurrency market continues to mature, Ethereum, as the leader of smart contract platforms, not only reflects its own development in its price trends but also, to some extent, represents the overall health of the blockchain industry. The upcoming market performance will be an important test of Ethereum's fundamentals and investor confidence.