Ethereum Confirms Wyckoff Spring at $2,145.0 Support Level

Ethereum has confirmed a Wyckoff Spring at the $2,145.0 support level, indicating a potential bullish breakout. This development sets the stage for a significant price movement, with analysts eyeing targets of $4,085.4 and beyond. The current price stands at $2,523.4, reflecting a rebound from the support zone.

Ethereum’s technical structure now aligns with a Wyckoff Accumulation pattern, characterized by clearly defined support and resistance levels. After reaching a high of $4,085.4, Ethereum experienced a sharp sell-off, falling below the $2,145.0 zone in early 2025. The subsequent price rebound formed a Spring, which was confirmed by a clean retest of support. This pattern is often interpreted as a sign of institutional accumulation and a shift in market control toward bulls.

According to analyst TedPillows, Ethereum’s breakdown from a descending “Creek” and the subsequent flush-out marked the Spring phase. The aggressive reclamation of support suggests a bullish turn. Following the Spring, Ethereum bounced but faced rejection near $2,800, capping the short-term rally. The pullback acted as a successful “Test,” with the price respecting the Spring zone. This Test phase has now passed, and Ethereum appears poised to enter the markup phase, aiming for a breakout at $4,085.4 and potential expansion to $5,400.

TedPillows further notes that Ethereum has entered Phase D of the Wyckoff model, where buyers begin to dominate consistently. This transition is contingent on Ethereum defending the $2,145.0 zone and sustaining higher weekly closes into Q3 2025. If Ethereum breaks past $3,800 with volume, it could trigger a sharp move through $4,085.4, initiating the Sign of Strength phase. Historical breakout behavior suggests that volume must increase on upward candles for validation. Ethereum’s structure remains technically intact, and with the price pressing higher, market participants await confirmation of strength.

Ethereum has printed key higher lows, which could fuel bullish continuation if resistance cracks cleanly. The cryptocurrency remains central to market sentiment, with breakout watchers closely monitoring this accumulation base. The next significant resistance levels are $4,085.4 and $5,400, which, if breached, could signal a full Sign of Strength move and potential further gains.