Ethereum’s Wyckoff Pattern Points to Potential $8,000-$10,000 Surge

Ethereum is currently displaying a Wyckoff re-accumulation pattern, signaling potential for continued upward price movement. Analysts highlight this pattern and its impact on ETH’s price trajectory, with targets ranging from $8,000 to $10,000 if the current momentum sustains. The chart shows strong liquidity and activity in the DeFi space, evident in Ethereum’s TVL exceeding $85 billion across various platforms. Ethereum currently trades around $3,955, near the key resistance of $4,000, demonstrating stability before a potential breakout.