Ethereum

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Ethereum (ETH) is showing strong structure across key technical models and on-chain data. Analysts tracking long-term patterns suggest ETH could be nearing the end of a multi-year accumulation phase. With the price holding support near $3,000, some see conditions forming for a move toward the $5,000–$7,000 range.
<h2 id="wyckoff-pattern-nears-completion">Wyckoff Pattern Nears Completion</h2>
Bitcoinsensus shared a monthly chart that follows the Wyckoff Accumulation Schematic. Based on the chart, Ethereum is in the final stages of the pattern, moving from Phase C into Phase D. The recent bounce from the Last Point of Support (LPS) points to renewed demand.
At press time, Ethereum is priced around $3,100. A move above $4,000 would be viewed as a Sign of Strength (SOS) under Wyckoff rules. If that breakout holds, the next targets could range between $5,000 and $7,000. This range reflects the projected move following a full accumulation cycle.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> MONTHLY ACCUMULATION NEARLY COMPLETE <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f4ca.png" alt="📊" style="height: 1em; max-height: 1em;">
 Wyckoff Phase C ➝ D transition unfolding
 Strong bounce from LPS signals demand returning
 <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f4a5.png" alt="💥" style="height: 1em; max-height: 1em;"> Break above $4K = SOS confirmation → $5K–$7K target?<a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/hashtag/Wyckoff?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Wyckoff</a> <a href="https://t.co/AgWrq0UN14" rel="noopener noreferrer nofollow">pic.twitter.com/AgWrq0UN14</a>
 — Bitcoinsensus (@Bitcoinsensus) <a href="https://twitter.com/Bitcoinsensus/status/2009309357796733346?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 8, 2026</a>
</blockquote>

In addition, analyst Egrag Crypto <a href="https://x.com/egragcrypto/status/2009401480021774499?s=20" rel="noopener noreferrer nofollow">presented</a> an inverted Ethereum chart to compare the current price structure with past cycles. He noted that each cycle has shown longer accumulation with less volatility. He explained, “A ‘drop’ here = ETH breakout on the real chart,” due to the inversion of the visual.
His chart outlines a first resistance zone at $3,800–$4,500. If those levels flip into support, the $6,000–$7,500 area becomes possible. He added that the only risk case would be a retest of the $1,800–$2,200 area before a breakout.
Moreover, the short-term structure remains intact if Ethereum holds the $3,000 level, <a href="https://x.com/MerlijnTrader/status/2009294026797645976?s=20" rel="noopener noreferrer nofollow">according</a> to Merlijn The Trader. He noted that a push above $3,360 could set up a move to $3,600. The current pullback is viewed as part of a normal range.
<h2 id="whale-holdings-point-to-strategic-accumulation">Whale Holdings Point to Strategic Accumulation</h2>
Merlijn The Trader <a href="https://x.com/MerlijnTrader/status/2009535619031015789?s=20" rel="noopener noreferrer nofollow">shared</a> data showing that the asset wallets holding 10,000 to 100,000 ETH have been increasing their balances. This trend began in 2025 after a multi-year decline in whale holdings. The increase has continued even as the price remains near $3,000.
<blockquote>
 “This isn’t momentum chasing. This is strategic positioning,” he said. “Distribution happens at tops. Accumulation happens before moves.”
</blockquote>
Meanwhile, <a href="https://cryptopotato.com/top-ethereum-eth-price-predictions-for-2026/" rel="noopener noreferrer nofollow">Lower</a> ETH balances on exchanges, now under 16.5 million per CryptoQuant, add to this view. Reduced exchange supply tends to ease short-term sell pressure.
The post <a href="https://cryptopotato.com/ethereum-eth-prepping-for-7k-wyckoff-and-whales-agree/" rel="noopener noreferrer nofollow">Ethereum (ETH) Prepping for $7K? Wyckoff and Whales Agree</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ethereum (ETH) Prepping for $7K? Wyckoff and Whales Agree

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