Ethereum’s Wyckoff Accumulation Signals a Potential Bull Market

Recent technical analysis suggests that Ethereum is entering a phase of accumulation, a potential precursor to a bullish market shift. This pattern, known as the Wyckoff accumulation framework, indicates a transition from bearish trends to more balanced market behavior. Key resistance levels between $4,650 and $6,000 are being closely monitored as traders anticipate a breakout that could trigger an uptrend. 1,550 to $2,650 provide crucial support levels, indicating potential entry points before Ethereum targets higher price levels, potentially reaching $7,000-$10,000 in the next market cycle.