Whales Move In as Ethereum Confirms Wyckoff Pattern and Targets $6.4K

Ethereum confirms a Wyckoff Spring at $1,540 with rising volume and bullish structure pointing to a sustained reversal toward $6,400.

Strong support at $2,200 and growing weekly green candles show whales accumulating ahead of a potential breakout past $3,800.

The full Wyckoff cycle appears complete as Ethereum's price structure and volume signal a shift from distribution to bullish accumulation.

Ethereum is showing strong signs of a market reversal following a textbook Wyckoff Spring pattern. The price recently bounced from $1,540, confirming a crucial low and signaling the end of a distribution phase. Currently, Ethereum trades at $2,483, down 1.26% from the previous week. Despite the minor dip, price action suggests a new bullish phase. Whales appear to have already positioned themselves ahead of a major upward move.

The recent bounce came with high volume, marking strong demand at the $2,200 support level. This same level was held during May 2024 and early 2025, further validating its strength. Additionally, the price structure since March 2025 shows bullish momentum building steadily. Weekly green candles have grown larger, and buying pressure is rising.

Wyckoff Pattern Validates Trend Reversal

Ethereum’s price movement from late 2023 to early 2025 followed the classic Wyckoff cycle. The "Creek" phase, noted between September and December 2024, showed lower highs and gradual decline. That period marked a controlled distribution, preparing for the next stage.

Source: Merlijn The Trader

In early 2025, the "Test" phase emerged at $2,200. The market tested prior support, followed by a decisive "Spring" event in February. This sharp wick down to $1,540 shook out weak hands and attracted smart money. Hence, that move marked the beginning of a new accumulation phase.

Moreover, a green forecast line on the chart suggests a rally toward $6,400 by late 2025. One significant pullback appears around July, targeting $3,100 before the continuation. Besides, increased volume during the Spring low adds further confidence to this bullish outlook.

Resistance Zones and Bullish Targets

The analysis identifies two critical levels — $2,200 and $3,800. While $2,200 acts as strong support, $3,800 remains a psychological resistance. Ethereum tested this upper level twice in 2024 but failed to break through. However, the current setup suggests a third attempt may succeed.

Consequently, if Ethereum clears $3,800, the road to $6,400 opens. Moreover, the ongoing accumulation confirms whales are active and bullish. The full Wyckoff pattern now appears complete, and upward momentum continues to build.

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