- Ethereum forms a Wyckoff re-accumulation pattern, signaling potential continuation toward higher resistance levels.
- On-chain data shows strong liquidity and activity, with TVL rising above $85 billion on DeFi platforms.
- Market structure supports targets between $8,000 and $10,000 if current momentum and buying pressure persist.
Ethereum (ETH) is currently forming a Wyckoff re-accumulation pattern across multi-timeframe charts, according to recent market analysis. The structure shows that Ethereum has completed its accumulation and testing stages, preparing for a potential upward expansion. At the time of writing, ETH was trading at $3,955, maintaining price stability near the key resistance level of $4,000.
Wyckoff Structure Shows Continued Uptrend Formation
According to analysis prepared by Ash Crypto, the Ethereum chart displays the Wyckoff re-accumulation schematic in action. The pattern includes phases such as the Buying Climax (BC), Secondary Test (ST), Automatic Rally (AR), Selling Climax (SC), Spring, Test, Sign of Strength (SOS), and Last Point of Support (LPS) near $4,050.
Price movements remain consistent with the Wyckoff model, which often appears during market continuation phases. Ethereum’s price earlier tested the $3,700 support level multiple times before breaking above the descending trendline.
According to an observation by Kamran Asghar, Ethereum now moves toward the $4,700 resistance zone. There are three previous rejections at this level which have been recorded in the chart but recent trading activity indicates a new buying pressure. The next visible resistance ranges between $4,600 and $4,800, with strong support maintained near $3,700.
Market Metrics Indicate Strong On-Chain Performance
According to data from DeFiLlama, Ethereum’s Total Value Locked (TVL) stands at $85.382 billion, reflecting a 3.32% daily increase. The market capitalization of the stablecoin has been at $162.491 billion, which confirms the stability of liquidity on the decentralized systems. Chain fees have hit the mark of $575,436 in the last 24 hours with network revenue standing at $105,921 indicating that there is ongoing blockchain activity.
Daily decentralized exchange volume reached $4.076 billion and perpetual trading volume was $2.499 billion which shows active decentralized finance involvement. Ethereum also registered 519,127 active addresses and inflows of $105.59 million within the same period.
The bridged TVL stood at $568.444 billion, displaying extended cross-chain integration. Analysts maintain that the Wyckoff re-accumulation phase remains active. Based on current market data and structure, $8,000–$10,000 ETH remains possible this cycle, supported by continued liquidity and expanding on-chain fundamentals.
