- CryptoBullet identifies $3,500 as the key level separating continuation from renewed consolidation.
- Bitcoinsensus links current price structure to the Wyckoff re-accumulation phase ahead of expansion.
- Targets at $6,800 and $8,000 depend on Ethereum reclaiming $4,868 to confirm bullish continuation.
Ethereum’s weekly structure has returned to a previously cleared resistance band. As per CryptoBullet, the asset recently broke above a long term descending trendline and is now revisiting that breakout level.
The pullback has brought ETH back toward the $3,500 area, which aligns with former resistance turned support. CryptoBullet described wicks down to that region as acceptable, provided no weekly candle closes below it.
Retest Zone and Short Term Momentum
The analyst classified the $3,650 to $3,700 range as the breakout level. The $3,500 zone acts as a retest area following the move above that resistance. Notably, Ethereum’s previous all-time high at $4,868 is the next major hurdle.
However, failure to maintain $3,500 could push price back into the $3,000 to $2,850 pocket, erasing bullish momentum. That outcome would indicate a return to consolidation rather than continuation.
Historical Pattern Completion
A separate view from Bitcoinsensus draws on the Wyckoff re-accumulation schematic. The group stated that ETH is entering the Last Point of Support phase, historically preceding a final breakout.
That interpretation places price on the verge of expansion, with $8,000 listed as a possible next destination. Both viewpoints hinge on the same structural level, reinforcing $3,500 as the line between continuation and breakdown.
Targets Beyond Prior Highs
CryptoBullet mapped a linear projection at $6,800, using the breakout retest pattern as validation. The movement suggested ETH recovering above $4,868 before surging toward that level.
Each outcome depends on reaction strength around the current retest. However, reclaiming the all-time high would establish price discovery beyond historical records. That scenario would align both analyst models despite the differing frameworks used.
The overlapping levels and identical trigger zone support the market focus on the present range. Both CryptoBullet and Bitcoinsensus framed the weekly structure as a decision point, rather than a confirmed trend. The next moves from Ethereum will therefore determine which model plays out first.
