Ethereum consolidates near critical support as technical indicators reveal Wyckoff accumulation patterns. Despite nine monthly declines matching 2018 bear market, MACD turns bullish with $4.8K breakout potential.
The cryptocurrency market watches as Ethereum consolidates near critical support levels, with technical indicators suggesting a potential explosive move. Despite recording its worst monthly performance streak since 2018, ETH's price action reveals accumulation patterns that could trigger a significant upside breakout.
Market data shows Ethereum closing December in negative territory, marking nine monthly declines in 2025. This bearish streak matches the intensity of the 2018 bear market, creating widespread concern among investors. However, beneath the surface pessimism, technical structures paint a different picture entirely.
Wyckoff Pattern Signals Accumulation Phase
According to Bitcoinsensus on X, Ethereum displays textbook Wyckoff Phase D structure with Last Point of Support forming. The analysis indicates the next move could generate a Sign of Strength, with a break above $4,800 confirming bullish continuation.
Wyckoff Accumulation Schematic in Play for $ETH. Ethereum showing textbook Wyckoff Phase D structure. LPS forming — next move could be a Sign of Strength (SOS). Break above $4.8K confirms bullish continuation.
This technical framework suggests smart money accumulation despite negative sentiment. The Wyckoff methodology identifies four distinct phases: accumulation, markup, distribution, and markdown. Phase D represents the critical transition point where accumulated positions prepare for upward movement.
MerlijnTrader tweeted on X that Ethereum sits in the launch chamber, with $3,000 acting as a psychological wall while structure screams accumulation rather than distribution.
ETHEREUM IS SITTING IN THE LAUNCH CHAMBER. $3,000 still acting as a psychological wall, but structure screams accumulation, not distribution. MACD flipped bullish. Support defended. Volatility paused, not gone. Quiet phase now. Decisive move later.
The MACD indicator has flipped bullish while support levels remain defended. Volatility compression typically precedes significant directional moves, suggesting traders should prepare for increased price action.
Technical Indicators Align for Potential Breakout
Multiple technical signals converge to support the accumulation thesis. The MACD crossover indicates momentum shifting toward buyers, while price action respects established support zones. This combination creates favorable conditions for an upside breakout.
Coin Bureau highlighted on X the severity of Ethereum's monthly decline streak, noting that if ETH closes December in red, 2025 records nine monthly declines matching the 2018 bear market pattern.
🟥UPDATE: If ETH closes December in the red, 2025 will record 9 monthly declines. This hasn't happened since the 2018 bear market.
Historical context reveals that similar accumulation patterns preceded major bull runs. The 2018 bear market eventually transitioned into the 2020-2021 rally that pushed Ethereum to all-time highs. Current price structures mirror that transitional period.
The $3,000 support level has proven resilient through multiple tests, establishing it as a crucial psychological barrier. Smart money typically accumulates at these tested support zones, building positions before markup phases begin. Breaking above $4,800 would confirm the bullish structure and potentially trigger cascading buy orders from breakout traders.
Trading volume patterns support the accumulation hypothesis, with decreasing volume during price consolidation indicating reduced selling pressure. This quiet phase allows larger players to accumulate positions without driving prices higher prematurely.
Market participants now watch whether Ethereum can maintain support while building momentum for the anticipated breakout. The convergence of technical indicators, historical patterns, and Wyckoff methodology suggests the current consolidation represents opportunity rather than continued weakness.
Key Takeaways:
- Ethereum displays Wyckoff Phase D accumulation pattern with Last Point of Support forming near current levels
- MACD indicator flipped bullish while $3,000 support holds, suggesting momentum shift toward buyers
- Breaking $4,800 resistance could trigger Sign of Strength confirming bullish continuation for ETH
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Wyckoff
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ETH Bears Trapped: $4.8K Breakout Imminent
Ethereum shows Wyckoff accumulation despite 9 monthly declines. Technical indicators signal potential $4.8K breakout as MACD flips bullish. Analysis inside.