How does Wyckoff accumulation in Ethereum indicate a potential historic rebound?

Cryptocurrency analysts recognize an accumulation Wyckoff structure in Ethereum that could be completing its final phases. This pattern, visible on the monthly chart, suggests that selling pressure has been widely absorbed and that major market participants are positioning themselves for the next move. With ETH priced at $1.96K (-3.14% in 24 hours) and a market capitalization of $236.17B, technical analysis points toward a scenario where support levels remain intact while the market prepares for a possible phase change.

The Wyckoff Accumulation Structure: Key Phases on the Monthly Chart

The Wyckoff model describes recurring patterns in how crypto markets respond after significant price drops. The complete structure consists of multiple progressive stages that develop over extended periods.

It all begins with the Selling Climax, a critical moment where many bearish investors close positions simultaneously, generating extraordinary volumes. After this climax, the Automatic Rally occurs, when the price rises quickly due to a substantial decrease in selling pressure. In subsequent phases, the market performs Secondary Tests, where the price tests previous lower levels to verify if supply is still available at those points.

In Ethereum’s case, each new correction has been less deep than the previous one. This pattern indicates that bearish investors have less control over the market and that buyers intervene earlier in each retracement. Together, these phases form an accumulation zone where funds, whales, and large institutions gradually acquire ETH tokens without causing the price to surge abruptly. This process can extend over months or even years.

Ethereum in Phase D: Support Levels Define the Next Move

According to recent analyses from Bitcoinsensus, Ethereum has reached Phase D of the Wyckoff model, the most critical stage where the structure reveals its true strength. In this phase, the market demonstrates that buyers are structurally more powerful than sellers. Retracements become shallower, and recoveries happen more quickly.

The core component of this phase is the Last Point of Support, the final price level where the market tests demand without breaking a critical support. When this point remains intact through multiple decline attempts, it indicates that supply has been nearly fully absorbed. In Ethereum, recent corrections have remained limited without creating new lows on the monthly chart, confirming this pattern.

The significance of this behavior lies in demonstrating support without collapse. When retracements occur with lower volumes than previous corrections, it indicates a scarcity of available tokens. The market no longer needs explosive volume to reject each decline, an unmistakable sign that large players are maintaining their positions and not distributing.

Last Support Points: The Ultimate Test of Structural Strength

The last point of support plays a fundamental role in Wyckoff analysis because it marks the moment when the market ceases to be controlled by sellers. Each subsequent retracement is bought immediately, often with lower volumes, revealing that few assets are available in the market.

When this support line remains intact in Ethereum, without the price making lower lows, the Wyckoff accumulation shows it is approaching its conclusion. Following this confirmation, a “strength signal” typically emerges—an event within the model that describes a structural breakout where demand clearly surpasses supply.

This breakout is not an arbitrary move but a fundamental change in market dynamics. It is usually accompanied by a brief consolidation, a period during which the market validates whether the new price level will be accepted as support. Only after this validation is there room for a more sustained upward move.

Resistance Zones: Where Could the Price Head Next

Ethereum’s price currently oscillates within a range that has characterized the monthly chart for an extended period. Within Wyckoff analysis, a convincing move out of this range is required to confirm the next price phase.

A true strength signal occurs when the price breaks out of the previous range and sustains that level long enough. This is often followed by a consolidation period where the market tests whether the new price is sustainable. Since the completed Wyckoff accumulation, the projection suggests access to higher price levels in the long term, based on historical Ethereum cycles where similar structures preceded sustained bullish trends.

From Accumulation to Uptrend: When the Market Confirms the Next Trend

The real value of Wyckoff analysis lies in its focus on the behavior of major market participants, not on daily or short-term fluctuations. This model examines the monthly chart, ignoring candles and patterns on lower timeframes, concentrating on how demand and supply develop over extended periods.

Ethereum exhibiting this Wyckoff accumulation structure on the monthly chart indicates a macroeconomic market dynamic. It does not specify exact daily price movements but clearly communicates the structural phase the market is in. The fact that historical support zones remain intact suggests that large bearish investors continue holding their ETH positions—a sign supporting the hypothesis that distribution has not yet begun.

If the structure remains intact and Ethereum manages to stay outside the existing range, the market would move toward the markup phase, where prices stop oscillating sideways and start forming higher highs and higher lows. Confirming this transition does not require an exact price target but the validation that the last support point remains unbroken and no new monthly lows emerge.

This analysis emphasizes positioning within a larger market cycle rather than precise timing. As long as the last support point holds and no new lower lows appear on the ETH monthly chart, the Wyckoff accumulation narrative remains the dominant framework for market structure.