Ethereum confirms its last point of support at $2K as it eyes a major breakout near the $4.2K level.
The current market structure matches Wyckoff reaccumulation with a projected rally past the $5.6K price target.
Traders now await Ethereum’s final creek jump as the setup moves closer to the Wyckoff Phase E breakout.
Ethereum’s price action is forming a classic reaccumulation pattern that may pave the way for a major breakout above $5,600. Recent technical developments suggest a well-defined Wyckoff structure, with clear phases unfolding since early 2024. Key levels between $2,000 and $4,200 are guiding this formation, hinting at a prolonged bullish continuation.
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A significant upward move began after Ethereum tested the $2,000 support line in June 2025. This surge marked the end of the "spring" phase, where prices bottomed out before beginning a new ascent. With Ethereum now positioned above $3,400, traders are watching for a "jump across the creek" and a confirmed "last point of support" (LPS) phase.
Mapping the Wyckoff Reaccumulation Phases
Ethereum's chart mirrors the Wyckoff reaccumulation schematic, showing Phases A through E. The first phase (A) began in early 2024, marked by Preliminary Support (PSY), Automatic Rally (AR), and Secondary Test (ST). The price then entered Phase B, a long consolidation period through mid-2024, exhibiting several creeks and lower highs.
By October 2024, Phase C took shape with a clear downward channel resembling a "creek" pattern. This zone ended with a sharp breakdown in January 2025, forming the “spring.” The low acted as a shakeout, wiping out weak hands and setting the stage for stronger demand.
Phase D began with a swift recovery back above $2,000 in mid-2025. Ethereum confirmed strength with a successful "test" and breakout. The price now appears in the "LPS" region, moving upward toward resistance at $4,200, with growing bullish volume.
If current movement aligns with the Wyckoff model, Ethereum may soon enter Phase E. This final phase often includes a "sign of strength" (SOS) and steady advances beyond previous highs, potentially past $5,600.
Critical Resistance and the Jump Across the Creek
A horizontal resistance level near $4,200 is shaping Ethereum’s next major hurdle. This zone, tested multiple times since April 2024, remains a psychological ceiling for bulls. A successful “jump across the creek” will require high buying pressure and momentum above this point.
The current LPS structure suggests increasing demand at higher lows. This pattern has historically preceded strong upward moves in many assets under Wyckoff theory. Ethereum’s breakout past $3,400 further affirms bullish intent, aligning with previous phases mapped out by the schematic.
Should price clear $4,200 and hold, Phase E may initiate rapid expansion toward the $5,600–$6,000 range. These projected levels are based on the height of the accumulation channel measured from the spring base.
Volume confirmation and consistent closes above resistance will be key to validate this reaccumulation thesis. Analysts tracking Wyckoff cycles often see this stage as pivotal in defining mid-to-long-term price direction.
Time Frame and Technical Timeline
The chart spans from December 2023 through late 2025, offering a long-term view of Ethereum’s market structure. The outlined pattern remains consistent with accumulation cycles that have played out over 12–18 month spans in previous bull markets.
As of July 2025, Ethereum has transitioned from a bearish descent to bullish recovery, validating each Wyckoff checkpoint. The test in June at $2,000 and the current move toward $3,500 align with technical expectations for the LPS zone.
Future price projections point to a breakout around August or September, with consolidation expected near the $4,200 line. Based on the schematic, this consolidation may occur before the final rally stage toward $5,600 and beyond by late 2025.
Ethereum’s long-term setup now shows strong similarity to historical breakout formations. Traders and analysts continue to monitor for signs that could confirm Phase E and a potential new market cycle.
