{"id":120324,"date":"2025-12-14T16:00:42","date_gmt":"2025-12-14T16:00:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=120324"},"modified":"2025-12-14T16:00:42","modified_gmt":"2025-12-14T16:00:42","slug":"ethereum-forms-wyckoff-breakout-setup-10000-price-target-back-in-focus","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=120324","title":{"rendered":"Ethereum Forms Wyckoff Breakout Setup: $10,000 Price Target Back In Focus"},"content":{"rendered":"

A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum\u2019s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful<\/a> expansion phase, provided the structure stays intact.<\/p>\n

Wyckoff Accumulation Structure Taking Shape On Ethereum Chart<\/h2>\n

Over the past several days, Ethereum has traded between roughly $3,050 and $3,400, repeatedly failing to secure a sustained move beyond either boundary. At the time of writing, Ethereum\u2019s price action is trading around $3,100.<\/p>\n

This prolonged standoff has reinforced the view that Ethereum has returned to consolidating rather than trading in a defined trend, a behavior that aligns closely with the accumulation phase highlighted in a technical analysis<\/a> by Merlijn The Trader.<\/p>\n

In his post, Merlijn described Ethereum\u2019s chart as a \u201cWyckoff masterclass,\u201d pointing to a sequence of events that align with textbook behavior from the Wyckoff accumulation schematic, which have been playing out for the entirety of 2025.<\/p>\n

According to the annotated structure, the spring occurred when ETH briefly dipped below $1,500 in the first half of the year. Price did not linger below that level for long, reclaiming the range within days and going on a rally that eventually ended at a selling climax (SC) of $4,946<\/p>\n

Within this structure, the initial selling climax and automatic downtrend reaction established a clear range in which the cryptocurrency has been trading up until now. The chart labels show this as Ethereum moving through Phase D, and this has been highlighted by a downtrend in recent months.\u00a0<\/p>\n

However, based on the Wyckoff framework, Ethereum seems to now be approaching the breakout zone, with a transition into a<\/a> full Phase E and a potential vertical markup coming next if the structure continues to play out.<\/p>\n

Phase E Projection Points To Strong Upside Scenario<\/h2>\n

If the Wyckoff roadmap continues to unfold as outlined, <\/a>Merlijn believes Ethereum is setting up for a full Phase E, the final stage of the accumulation process. This phase is characterized by a sustained markup, where price exits the selling climax (SC) decisively and trends higher with increasing momentum.<\/p>\n\n

Ethereum \/ US Dollar: @MerlijnTrader on X<\/a><\/p>\n

The projection on the chart shows a sharp upside expansion once overhead resistance is cleared, with Merlijn pointing to $10,000 and higher as a long-term objective if the structure completes. The path higher is not expected to be linear. The model anticipates an initial push into new all-time highs, followed by a modest rejection around the $5,000 area before the price pauses to consolidate towards the Backup and Last Point of Support<\/p>\n

According to the chart, this BU\/LPS would likely form around $3,750. If Ethereum holds above that level during the pullback, it would confirm structural strength, with the subsequent expansion targeting above $10,000.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum\u2019s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful expansion phase, provided the structure stays […]<\/p>\n","protected":false},"author":0,"featured_media":120325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-120324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120324"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120324"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/120324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/120325"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}