- Ethereum enters Wyckoff Phase D with strength as it rebounds from $1,500 support, signaling a potential breakout toward $5,000 and beyond.
- Realized price at $2,200 versus market price at $1,633 mirrors 2020’s bullish setup, pointing to a deep accumulation opportunity.
- Long-term holders steadily accumulate Ethereum, reinforcing structural strength and setting the stage for a strong bull market continuation.
According to Crypto Patel, Ethereum is showing strong signs of a major trend reversal, suggesting the early stages of a powerful breakout. Currently trading at $1,633, Ethereum has rebounded from the key $1,500 support zone. This level is critical in the Wyckoff Accumulation model, signaling a potential transition into Phase E. Besides, historical patterns reinforce the bullish outlook, with current price action echoing previous pre-bull market setups.
The weekly chart aligns with the textbook Wyckoff structure, beginning with Preliminary Support (PS) and Selling Climax (SC) in mid-2023. Consequently, the Automatic Rally (AR) and Secondary Test (ST) formed Phase A, confirming the end of the prior downtrend. Phase B followed with prolonged sideways consolidation between $1,500 and $1,700. This phase saw multiple resistance rejections and support validations, strengthening the base structure.
Ethereum Enters Wyckoff Phase D With Strength
In early 2025, Ethereum confirmed the Spring phase (Phase C), dipping below support but rebounding fast. Hence, this movement trapped late sellers and marked institutional absorption. Additionally, the sharp recovery pushed price back toward $2,500, confirming the start of Phase D.
The chart highlights a Sign of Strength (SOS) around $3,700, pointing to increased buyer control. If momentum sustains, Phase E could trigger, leading to breakouts above resistance. Moreover, projected targets include $5,000, $7,000, and even $10,000, supported by bullish volume and time-aligned market behavior.
Realized Price Underscores Accumulation Opportunity
Ethereum’s realized price currently stands near $2,200, while market price lags below at $1,633 as per Coinvo. This rare crossover mimics a setup last seen in early 2020. Back then, ETH traded below $200 before surging into a historic bull cycle. The same pattern emerges now, suggesting a strong opportunity for accumulation.
Moreover, long-term holders continue to buy, raising the realized price steadily. From 2019 to 2025, data shows consistent accumulation by key addresses. However, despite ETH’s current undervaluation, market interest remains high.
