Ethereum ($ETH) is showing signs of quietly organizing before a potential significant upward movement. According to market observations, the cryptocurrency is currently inside a classic Wyckoff accumulation pattern.
This formation suggests that supply is being absorbed without notable price changes, late sellers are being removed, and strong hands are steadily building positions. Unlike hype-driven rallies, this phase is about strategic preparation.
Phase A exists after a prolonged downtrend ends in a Selling Climax, a point at which frenzied selling pervades a Security and pushes volumes higher. Next is the Automatic Rally, in which a lack of selling momentum propels a Security higher, and a Secondary Test, in which less attractive areas of a Security are tested in an attempt to validate that supply has been depleted.
Phase B of the Wyckoff analysis model indicates that during this market movement phase, prices start to trend sideways while large market participants start taking positions.
This market phase is characterized by rallies and corrections as secondary tests are conducted to eliminate weak participants from the market. Volatility is also present during this phase, but the decline starts to weaken as support is tested.
The crucial market shift occurs during Phase C or Spring. There is a brief dip below recognized support levels, causing stop market orders and a final bid from end-market sellers. To assess the Test that reveals little selling force, experienced investors would increase their position size, knowing that risk is obvious and that the possibility of further selling is low.
Phase D signals the transition from build-up to mark-up. Higher lows indicate buying demand is increasing on Ethereum. A retrace above the previous support level, known as the Last Point of Support (LPS), indicates strength in the structure.
When prices move above the resistance levels, it is known as Signs of Strength or SOS, and this is when the momentum increases. Pullbacks in small levels ensure that the resistance has been converted into new demand. In Phase E, the bull trend is visible. Prices exit the accumulation range and experience a steady markup with sharp rallies and minor corrections at higher levels.
Also Read: Ethereum Lags Behind Bitcoin as Past Cycle Pattern Repeats in 2025

