Ethereum’s Wyckoff Accumulation Signals Q3 Fireworks – $4K Target Looms Large
Ethereum's price action is painting a textbook Wyckoff accumulation pattern—and seasoned traders are licking their chops. The setup suggests a potential breakout that could send ETH screaming toward $4,000 by quarter's end.
Market Structure Flashing Bullish
The second-largest crypto has been grinding through a classic accumulation phase since May. Volume profiles and rejection patterns hint at smart money building positions while retail naps at the wheel.
Liquidity Hunt Ahead
With $3,800 acting as a magnet for stop orders, ETH's path to $4K looks increasingly technical. Exchange heatmaps show a gaping liquidity pool just above current levels—prime hunting ground for algo traders.
Institutional FOMO Brewing
Spot ETF inflows ticked up 18% last week despite Wall Street's usual summer lethargy. Nothing gets capital moving like the smell of a 30% upside—except maybe a 3-martini lunch.
Whether this plays out as another 'trust the chart' moment or just more crypto hopium remains to be seen. But one thing's certain: ETH's price engine just got fresh oxygen.
Ethereum Builds Strength
Ethereum is up 82% from its April lows, demonstrating strong bullish control as the price holds firmly above key demand zones. Despite recent volatility, ETH continues to trade within a well-defined range between $2,400 and $2,700, a structure that has persisted since early May. This tight consolidation suggests the market is preparing for a decisive breakout, one that could define Ethereum’s trajectory for the remainder of the year.
Ted Pillows reveals that Ethereum is now undergoing a classic Wyckoff accumulation pattern. According to his analysis, this phase marks the transfer of ETH from weak hands to strong hands, and it mirrors past cycle setups that led to explosive rallies. Pillows argues that Ethereum helped push Bitcoin to new all-time highs, and now it’s Ethereum’s turn to take the spotlight.
If this pattern plays out, Pillows sees a clear path: first a breakout to $3,000, followed by a healthy correction, and then a push to $4,000 sometime in Q3. Beyond that, the real parabolic move may begin, driven by renewed confidence, broader altcoin participation, and sustained demand for ETH as a core asset in the crypto ecosystem.
ETH Holds Above Key Support Amid Tight Range
Ethereum (ETH) is trading at $2,520, maintaining its position above critical support levels despite recent volatility. As shown in the 12-hour chart, ETH has acknowledged the $2,480–$2,500 zone multiple times since late May, signaling strong buyer interest at these levels. The price remains trapped within a tight consolidation range between $2,400 and $2,700, with no clear breakout yet in either direction.
ETH is currently trading near its 50- and 100-period SMAs, which are converging around the current price, indicating equilibrium and a potential inflection point. The 200-period SMA sits below $2,200 and continues to trend upward, supporting the longer-term bullish structure.
Volume has remained relatively stable, with no spike suggesting institutional accumulation or mass distribution. For bulls to regain full momentum, ETH must reclaim the $2,600–$2,700 resistance and flip it into support. On the downside, a clean break below $2,480 could expose the $2,300 zone once again.
Featured image from Dall-E, chart from TradingView
