Is Ethereum's Wyckoff Accumulation Playing Out?
2025-12-15 • Ian Irizarry
TL;DR
Ethereum appears to be forming a textbook Wyckoff accumulation structure on the 2-day chart, according to crypto analyst Merlijn The Trader. ETH is trading in a range between approximately $3,050 and $3,400, struggling to break out. If it holds this structure and clears key resistance, a powerful Phase E expansion could send ETH toward $10,000. TradingView News — Ethereum Wyckoff Breakout Setup
What’s going on with Ethereum’s price these days?
So, here’s the thing: Merlijn The Trader recently put out a technical analysis on X, pointing out that Ethereum’s 2-day candlestick chart looks like a classic Wyckoff accumulation pattern. ETH has been stuck trading between roughly $3,050 and $3,400, bouncing around without making a decisive move beyond those limits. Right now, the price is hovering near $3,100.
I’ve found it interesting that the chart seems to have gone through several Wyckoff phases already, including the “spring” low and “selling climax” high. That’s a solid signal that something might be brewing beneath the surface. But, of course, these patterns aren’t foolproof—unexpected market events can always throw a wrench in the works.
Breaking down Wyckoff accumulation — where Ethereum fits in
Wyckoff accumulation breaks down into Phases A through E. According to Merlijn, ETH is somewhere in the middle of the journey:
- Phases A & B: The range forms here with back-and-forth buying and selling. The “spring” actually happened when ETH dipped below about $1,500 before bouncing back.
- Phase C: This is like the big test of strength. ETH’s recovery from lows and its resilience during retests of support show some real grit.
- Phase D: This is the exciting part. ETH’s now getting close to a breakout zone—if it can clear resistance, we might see some fireworks.
- Phase E: The full expansion phase. This is when the price could surge dramatically, with targets in the $10,000-plus neighborhood being thrown around.
In case you’re wondering, the timing of these phases varies a lot, and it’s wise to keep an eye on volume and market sentiment—they can be game changers.
Why companies looking for funding should care
Here’s a quick heads-up if you’re involved with startups, funds, or projects thinking about raising capital:
- When a market confirms an accumulation-to-breakout phase, risk vs reward shifts favorably. It might be the right moment to plan your funding rounds.
- Investor moods often tilt positive during the Phase D to E transition, meaning more capital could be available just when you need it.
- If Ethereum or related crypto assets take off, companies tied to that ecosystem—think DeFi, Layer 2s, and ETH-based platforms—could see their valuations climb. So, timing your moves here might really pay off.
Key price levels to watch closely
Let’s talk numbers. These are the critical price points that’ll show if the Wyckoff setup stays on track or falls apart:
| Level | Role | What it means if broken or defended |
|---|---|---|
| ~$3,050 | Lower support of range | If ETH drops below this, the accumulation pattern could break—definitely a caution sign. |
| ~$3,400 | Upper resistance | Breaking above this cleanly would open Phase E, signaling bullish momentum. |
| ~$3,750 | Backup & Last Point of Support (BU/LPS) | If ETH pulls back but holds here, that’s strength. Failure here ups the risk. |
| ~$10,000+ | Long-term target if structure completes | Bulls might take profits around this zone after the markup phase. |
One practical aside: Keep in mind that sudden news or macro shifts can cause whipsaws around these levels, so don’t rely solely on technicals.
Real quotes and examples to consider
Merlijn called this pattern a “Wyckoff masterclass.” Pretty bold, but his reasoning makes sense when you look at the moves. For example, ETH’s selling climax at about $4,946 marked the top end of this accumulation range. Now, the expectation is that once ETH clears overhead resistance, we’ll see a strong, vertical rally toward $10,000 and beyond.
FAQ — Clearing up common questions
Q: How certain is it that this is really accumulation?
A: Nothing’s ever guaranteed. But the pattern fits Wyckoff’s signature moves well: spring, selling climax, secondary tests, and range trading. If ETH stays above $3,050, confidence should grow.
Q: What if it doesn’t work out?
A: If ETH breaks below roughly $3,050, the accumulation idea could be invalidated. That might mean more sideways action or even a drop to lower support zones. So, watch that level carefully.
Q: How long could Phase E take?
A: Could be weeks, maybe months. These Wyckoff formations often play out slowly, even if the breakout starts quickly. The full climb to that $10,000 target is usually a marathon, not a sprint.
Q: What role do volume and investor behavior play?
A: You want to see rising volume as ETH nears resistance. Smart money hoarding coins, fewer coins on exchanges, and solid demand at support all help confirm strength in the pattern.
If your company is thinking about when to raise funds or allocate capital, this Ethereum setup is definitely worth watching. If the structure holds and the breakout kicks off, jumping in early could really impact your valuation and momentum. Curious about a tailored analysis for your niche or crypto exposure? I’m happy to help you map that out.