Ethereum Gains 1.8% in 24 Hours as Wyckoff Pattern Signals Strength

Ethereum has successfully completed the ‘Test’ phase within the Wyckoff Re-Accumulation pattern, indicating that structural support has been firmly established. The cryptocurrency is currently trading within a range of $2,403.59 and $2,510.28, with a successful retest reinforcing the $2,400 support level. This development follows the ‘Spring’ phase, which often precedes a breakout move, and signals potential strength building toward a ‘Sign of Strength’ (SOS) move above resistance.

As of June 26, Ethereum is trading at $2,465.64, reflecting a 1.8% increase over the last 24 hours. The cryptocurrency also shows a 1.3% gain against Bitcoin, now priced at 0.02295 BTC. This price action has unfolded within a defined range, establishing the boundaries for the next phases. A visible ‘Creek’ has been crossed, pointing to growing buyer confidence. Each phase observed—ranging from the Automatic Rally (AR) to the Secondary Test (ST)—has validated the Wyckoff sequence to this stage.

Ethereum’s current 24-hour range stands between $2,403.59 and $2,510.28. This tight structure underpins the LPS formation above the Spring phase. Trading volume remains consistent with re-accumulation behavior, marked by increasing buy pressure near key levels. The ‘Jump Across the Creek’ shown on the schematic signals that resistance is gradually thinning. Price behavior around $2,465 has historically faced friction, yet the successful retest at lower levels reinforces bullish structural elements. Notably, the pattern follows prior Wyckoff schematics where similar transitions preceded sustainable trend continuations.

At present, Ethereum is navigating between support at $2,403.59 and resistance at $2,510.28. These levels form a narrow but critical trading corridor. The price has established consistency just above support, reflecting the tested strength of the current base. With the ‘Sign of Strength’ (SOS) yet to materialize fully, the technical structure remains within its expected pathway. Any movement beyond the $2,510 level would mark a shift toward the next resistance band illustrated on the chart. Until then, Ethereum continues to adhere to the schematic’s projected course with observable accuracy.