Technical analysts report that Ethereum’s price action has formed a Wyckoff Accumulation pattern, signaling a potential bullish reversal with a projected target of $5,400 in 2025. The pattern identifies strong support at the $2,145.0 level, indicating robust buyer defense against further declines.
A critical Wyckoff Spring event occurred near the $2,145.0 support zone, suggesting accumulation by institutional players and establishing a foundation for upward momentum. Market experts emphasize that a decisive breakout above the $4,085.4 resistance level would trigger a ‘Sign of Strength’ phase, confirming the bullish trajectory.
The outlook is reinforced by increasing institutional interest and favorable volume trends, which analysts deem essential for validating the pattern. Current market sentiment reflects growing confidence among buyers, potentially setting the stage for a sustained rally toward the $5,400 target.