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

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.

Wyckoff Pattern Nears Completion

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.