As per Coinotag, Ethereum is forming a Wyckoff accumulation pattern near $3,112, with a confirmed spring and higher lows indicating a potential Phase E breakout toward $10,000 or more by 2027. The multi-year structure suggests diminishing supply and a maturing bullish base after prolonged consolidation between $1,300 and $3,700. A spring event below $1,500 support followed by a test revealed reduced selling pressure, strengthening the pattern. Holding above key resistance levels maintains focus on Phase E, with Ethereum's market capitalization at $375.7 billion supporting long-term expansion potential.
Ethereum's Wyckoff Accumulation Pattern Near $3,112 Signals Potential 2027 Breakout Toward $10,000
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Summary
Ethereum news highlights a Wyckoff accumulation pattern forming near $3,112, with a confirmed spring and higher lows pointing to a potential breakout toward $10,000 or more by 2027. The structure shows reduced supply and a maturing base after years of consolidation between $1,300 and $3,700. A spring below $1,500 support revealed weaker selling pressure, reinforcing the pattern. Holding above key resistance keeps the focus on a Phase E breakout, with ETH’s market cap at $375.7 billion backing long-term growth.
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