> At a Glance
> – ETH is holding $3,100 after bouncing off the Last Point of Support
> – A monthly close above $4,000 would confirm Wyckoff Phase D breakout
> – Whale wallets holding 10k-100k ETH have been stacking since 2025
> – Why it matters: If accumulation completes, the next leg could target $5,000-$7,000
Ethereum is flashing classic late-stage accumulation signals, with monthly chart structure and on-chain data both pointing to a potential multi-year breakout.
Wyckoff Countdown
Bitcoinsensus maps ETH inside the final stages of the Wyckoff Accumulation Schematic. The shift from Phase C to Phase D is underway, and the recent bounce from the Last Point of Support shows demand returning at $3,000.
A decisive push past $4,000 would register as a Sign of Strength, opening the measured move window to $5,000-$7,000.
Inverted View Adds Conviction
Egrag Crypto flips the chart upside-down to highlight historical rhythm:
- Each cycle shows longer, calmer accumulation
- First resistance flips to support at $3,800-$4,500
- Extension zone sits at $6,000-$7,500
- Only risk case is a throwback to $1,800-$2,200
Whale Wallets Accumulate
Merlijn The Trader notes wallets holding 10,000-100,000 ETH have been net buyers since 2025, ending a multi-year decline. Exchange balances have also dropped below 16.5 million, easing near-term supply.
> “This isn’t momentum chasing. This is strategic positioning. Distribution happens at tops. Accumulation happens before moves.”
Short-term, ETH needs to stay above $3,000; a clearance of $3,360 could quickly target $3,600.
Key Takeaways
- Monthly Wyckoff structure is one step from breakout confirmation
- Whale wallets are stacking while price hovers near $3,100
- Exchange supply is down, removing immediate sell pressure
- Trade triggers: close above $4,000 for $5,000-$7,000 range
With technical and on-chain pictures aligning, traders are watching $4,000 as the line that could end the multi-year accumulation phase.
