Ethereum Targets $3,000 as Wyckoff Pattern Signals Bullish Trend

Ethereum (ETH) is currently exhibiting a Wyckoff accumulation pattern, a technical structure that typically signals a transition from a period of consolidation to a strong bullish trend. According to analysts, ETH has completed the accumulation phase, characterized by smart-money buying, and is now entering the markup or “liftoff” phase. This pattern mirrors previous Bitcoin cycles, where Wyckoff patterns accurately signaled major rallies.

With Ethereum clearing resistance levels and gaining momentum, the first major target is $3,000. Current trading activity and network usage support this outlook, indicating a strong uptrend in the coming weeks. The $3K level is seen as the first major milestone. Once ETH reaches this zone, some market cooling is expected. A short-term correction would be a healthy consolidation, likely pulling the price back toward the $2,700–$2,800 range. This phase would allow the market to reset before the next leg up. Historically, this kind of correction is common after initial breakouts from accumulation patterns. It also offers an opportunity for latecomers to enter before the next rally begins.

Following the expected pullback, Ethereum could continue its upward trajectory toward $4,000 by the end of Q3. This projection is based on technical indicators, improved investor sentiment, and increasing adoption of Ethereum’s Layer-2 networks and staking mechanisms. If this move unfolds as expected, it would mark the beginning of a larger parabolic rally. Many analysts believe that once ETH clears the $4K threshold, we could see rapid price appreciation, potentially revisiting previous all-time highs and beyond in the next cycle.

Strong on-chain and technical data support the longer-term bullish momentum for Ethereum. The Wyckoff accumulation pattern, combined with the increasing adoption and usage of Ethereum’s technology, suggests a positive outlook for the cryptocurrency in the coming months. As Ethereum continues to gain traction and clear key resistance levels, investors and analysts alike are optimistic about its potential to reach new heights in the near future.