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Ethereum (ETH) has completed a significant phase in the Wyckoff Re-Accumulation schematic, finalizing its ‘Test’ phase and setting the stage for a potential upward move. As of June 26, ETH is trading at $2,465.64, up 1.8% over the last 24 hours, with a 1.3% gain against Bitcoin (0.02295 BTC). Technical analysts suggest Ethereum’s price structure is following a textbook Wyckoff model—raising expectations for a bullish continuation.
Wyckoff Pattern Suggests Renewed Market Strength
Ethereum’s price progression through the Wyckoff phases—from ‘Spring’ to ‘Test’—indicates that liquidity at the $2,403.59 support level has been absorbed. The transition now points toward the ‘Last Point of Support’ (LPS), a pivotal stage where the asset often begins to climb steadily.
Technical indicators show Ethereum successfully crossed the ‘Creek’—a resistance area within Wyckoff schematics—confirming growing bullish conviction. This breakout marks the culmination of accumulation phases like the Automatic Rally (AR) and Secondary Test (ST), which have unfolded in alignment with historic chart behavior.
Tight Trading Range Highlights Critical Support and Resistance Levels
Ethereum’s current trading range, between $2,403.59 and $2,510.28, suggests price consolidation within a defined corridor. The narrow bandwidth reflects a maturing base, consistent with the Wyckoff LPS structure. The price’s ability to sustain above the key $2,403.59 level adds credibility to the bullish setup.
Volume trends further reinforce this outlook, with steady accumulation and reduced selling pressure—common in re-accumulation zones before significant moves. The ongoing consolidation is gradually eroding resistance around $2,510, a critical threshold for the next leg upward.
Also Read: SharpLink Bets on Ethereum with Staking Strategy
Next Phase: Watching for a ‘Sign of Strength’
The next key milestone in the Wyckoff model is the ‘Sign of Strength’ (SOS), a decisive move above resistance that confirms trend reversal and growing buyer dominance. A close above the $2,510 level would signal the beginning of that phase.
Until then, Ethereum remains within a technically sound structure, building momentum on a solid base. Continued volume support and positive price action within the schematic’s framework suggest a bullish bias unless the structure breaks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
