The recent trend of Ethereum has attracted widespread attention in the market. The latest data shows that ETH has successfully broken through a falling wedge structure that has lasted for years. At the same time, the RSI indicator shows a triple bottom pattern, coupled with the appearance of a golden cross pattern in the moving averages. This series of technical signals is remarkably similar to the trend of Bitcoin before the big pump at the end of 2020.

Currently, the price of Ethereum is still hovering below $4000, and market sentiment remains cautious. This general attitude of skepticism is strikingly similar to the market atmosphere before Bitcoin's historic rise and can be seen as a typical 'unbelievable driven phase'.

From a structural perspective, Ethereum seems to have entered the early stage of a breakout cycle. If this momentum can be sustained, the price target of $6000 to $10000 may not be out of reach. In the short term, $3800 will be a key support level, and if it can hold this level during a pullback, it may further accelerate upward momentum.

However, it is worth noting that there are currently no signs of a full-scale explosion in trading volume. Investors should closely follow the on-chain capital inflow situation and the position building dynamics in the options market to confirm whether this trend can be sustained.

Despite positive signals from the technical side, market participants still need to remain rational. Whether Ethereum can truly replicate Bitcoin's brilliant performance in 2021 will require more time to verify. In this rapidly changing cryptocurrency market, it is crucial to stay vigilant and continuously follow market dynamics.