Ethereum Perfectly Executes Wyckoff Pattern with $10,000 Target in 2025 Rally

Key Insights:

• Ethereum breakout with Wyckoff pattern completion
• Analysts see Ethereum breaking resistance levels and entering a bullish trend.
• Ethereum ETFs saw $75.95M outflows, signaling mixed investor sentiment.

Ethereum ($ETH) is on the verge of a significant upward movement as it follows a textbook execution of the Wyckoff pattern. Analysts suggest that the cryptocurrency is preparing for a sharp price increase, with a potential target of $10,000 in 2025.

Wyckoff Pattern Completion Signals Bullish Movement

Merlijn, a well-known cryptocurrency analyst, explains that Ethereum is completing the key phases of the Wyckoff method. The Spring, Test, SOS (Sign of Strength), and LPS (Last Point of Support) phases are all aligning, signaling that Ethereum is on the brink of a significant breakout.

Ethereum is in the final stages of its accumulation phase, and the market is primed for an upward surge. The analyst further notes that the successful completion of these phases typically leads to strong upward price movement.

Ethereum Breaks Key Resistance Levels for Future Growth

However, Crypto analyst CryptoCesurKaya also sees Ethereum’s path to $10,000 as achievable. He notes that Ethereum struggled to break a key resistance level in 2021 but has now succeeded in staying above it throughout 2024.

In 2025, Ethereum decisively broke through the resistance levels that previously held it back. He believes this marks the start of a bullish trend, with Ethereum poised for further growth. The analyst predicts Ethereum’s value could surge well beyond $10,000 as it builds on this momentum.

Ethereum Price Update and ETFs Outflows Amid Caution

Furthermore, while the outlook for Ethereum remains positive, investor sentiment appears mixed, with significant outflows from Ethereum spot ETFs. Ethereum ETFs saw outflows totaling $75.95 million, with no funds reporting inflows. 

Market participants may be taking a cautious approach, even as Ethereum continues to perform well in the broader market. The lack of inflows could indicate a temporary shift in investor behavior, as Ethereum ETFs faced declines in investment.

As of press time, Ethereum is trading at $4,215, with a 24-hour trading volume of $39.12 billion. The cryptocurrency has seen a modest gain of 0.45% in the last 24 hours. Despite recent ETF outflows, Ethereum’s price continues to show positive momentum, reflecting its potential for future growth.