Ethereum Poised for Massive Breakout, Targeting $10,000
Ethereum (ETH) is setting the stage for a substantial price increase, exhibiting patterns consistent with a "Wyckoff accumulation" structure, according to a compelling technical analysis from crypto analyst Merlijn The Trader. This detailed assessment, which views Ethereum's recent price action as a "masterclass" in market dynamics, forecasts a potential surge that could see ETH reclaim and surpass the $10,000 mark in the long term.
Navigating the Wyckoff Framework: Ethereum's Current Stance
The analysis highlights that Ethereum has spent recent days consolidating between approximately $3,050 and $3,400, unable to secure a decisive move beyond these boundaries. This prolonged standoff is indicative of an accumulation phase, a key component of the Wyckoff schematic that has reportedly been playing out throughout 2025. Key historical markers include a brief dip below $1,500 earlier in the year, which acted as a "spring," followed by a rally to a "selling climax" (SC) at $4,946. These events established a clear trading range, with Ethereum currently navigating "Phase D" of this structure, marked by recent months of downtrend and consolidation around $3,100.
The Road Ahead: Phase E and the $10,000 Horizon
Merlijn's projections indicate that if the Wyckoff roadmap continues to unfold, Ethereum is poised to enter "Phase E." This final and most powerful stage of accumulation is characterized by a sustained markup, where the price decisively breaks above the selling climax and trends higher with increasing momentum. The analyst points to an ambitious long-term target of $10,000 and beyond, assuming the underlying structure completes as anticipated. The path to this milestone is not expected to be linear; the model foresees an initial push to new all-time highs, potentially followed by a modest rejection near the $5,000 area. A subsequent consolidation towards a "Backup and Last Point of Support" (BU/LPS), likely around $3,750, would precede the ultimate expansion. Should ETH maintain its position above this support during any pullback, it would solidify the structural strength necessary for its projected ascent past $10,000. Chart data from TradingView analysis.
