DeFi Daily News
Monday, June 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Prints Classic Wyckoff Accumulation – Bull Phase Incoming? | Bitcoinist.com

Sebastian Villafuerte by Sebastian Villafuerte
May 11, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Prints Classic Wyckoff Accumulation – Bull Phase Incoming? | Bitcoinist.com
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum is now trading above the $2,500 mark, reaching a fresh daily high of $2,609 as bullish momentum continues to build. After months of uncertainty and sideways action, sentiment has flipped strongly in favor of the bulls. The market-wide optimism is growing, fueled by Bitcoin’s breakout above $100K and renewed attention on altcoins, setting the stage for a potential altseason.

Ethereum’s sharp recovery from its lows has caught the attention of top analysts. Among them, Ted Pillows shared a technical breakdown highlighting that the ETH reversal has officially started. According to Pillows, the steep correction below $1,400 earlier this year marked the final phase of capitulation. He points to a textbook Wyckoff accumulation structure during that period, suggesting the groundwork was laid for a sustained bullish breakout.

This recent rally has not only broken through key resistance levels but has also confirmed a higher-high on the daily timeframe, which could serve as the catalyst for Ethereum’s next leg up. As the broader crypto market wakes up and capital rotation intensifies, ETH appears to be leading the charge, signaling that the long-awaited resurgence in altcoins may finally be underway.

Ethereum Reversal Signals The Start Of A New Cycle

Ethereum is finally showing real strength after months of bearish pressure. Since peaking in late December, ETH lost more than 66% of its value, dragging much of the altcoin market down with it. However, recent price action has flipped sentiment. Since early April, ETH has surged over 85%, pushing past several key resistance levels and reclaiming the $2,500 zone with momentum. This shift has sparked optimism among analysts and investors, with growing expectations of an altseason taking shape.

For many, Ethereum’s breakout represents more than just a short-term relief rally. It’s being seen as the confirmation of a trend reversal. According to Pillows, the steep drop below $1,400 marked the final capitulation phase in Ethereum’s correction cycle.

Ethereum reclaims key levels | Source: Ted Pillows on X
Ethereum reclaims key levels | Source: Ted Pillows on X

He notes that this phase aligned perfectly with Wyckoff accumulation principles — a classic structure that often precedes major uptrends. With the pattern now complete and ETH rallying sharply, Pillows argues that the reversal is underway.

His outlook is clear: ETH could reach $4,000 by Q3 if current momentum holds. He sees Ethereum’s resurgence not just as a recovery, but as the foundation for a broader altcoin rally. With ETH historically leading altseasons, its strength could soon spill over into other undervalued assets.

Ethereum Finds Resistance After Explosive Rally

Ethereum has staged a remarkable recovery, rallying from April lows around $1,370 to a new local high of $2,609 in just over a month—a gain of nearly 90%. The chart shows a powerful breakout that sliced through previous resistance zones and brought ETH firmly above the $2,500 mark. However, price has now paused right below the 200-day SMA at $2,701 and the 200-day EMA at $2,431, two historically important resistance zones.

ETH price testing resistance levels | Source: ETHUSDT chart on TradingView
ETH price testing resistance levels | Source: ETHUSDT chart on TradingView

Volume has surged alongside the price, signaling strong participation and conviction from buyers. But after touching $2,609, ETH has started to show signs of consolidation as the daily candle prints a minor retrace. This could indicate temporary exhaustion as bulls digest the recent gains. A brief pullback or sideways movement around this zone would be a healthy development before any attempt to break the $2,700 resistance.

If Ethereum manages to reclaim the 200-day moving average cluster with strong volume, it could set the stage for a move toward $3,000. On the downside, holding above $2,400 will be key for maintaining the bullish momentum. With the macro sentiment improving and altcoins gaining strength, ETH remains a key asset to watch in the current cycle.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AccumulationBitcoinist.comBullClassicEthereumIncomingPhasePrintsrewritetitleWyckoff
ShareTweetShare
Previous Post

rewrite this title Worth less than Scales: Rodgers must axe Celtic’s “fantastic” star

Next Post

U-N-‘SEE’ YOU LATER: Bill Belichick’s dating saga takes another crazy turn

Next Post
U-N-‘SEE’ YOU LATER: Bill Belichick’s dating saga takes another crazy turn

U-N-'SEE' YOU LATER: Bill Belichick’s dating saga takes another crazy turn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Configuring Web3j for Android Development

Configuring Web3j for Android Development

July 24, 2024
something BIG is coming to Bitcoin this week… [and it’s not what you think]

something BIG is coming to Bitcoin this week… [and it’s not what you think]

June 30, 2025
rewrite this title and make it good for SEO Calamity To Mint Factory NFTs Starting July 3

rewrite this title and make it good for SEO Calamity To Mint Factory NFTs Starting July 3

June 30, 2025
rewrite this title He’s spoken to Eustace: Derby now in talks to sign “wonderful” new winger

rewrite this title He’s spoken to Eustace: Derby now in talks to sign “wonderful” new winger

June 30, 2025
rewrite this title XRP Ledger launches EVM sidechain, bridging Ethereum and XRP

rewrite this title XRP Ledger launches EVM sidechain, bridging Ethereum and XRP

June 30, 2025
rewrite this title Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect – Decrypt

rewrite this title Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect – Decrypt

June 30, 2025
rewrite this title South Korea Halts CBDC Phase 2 Testing Amid Stablecoin Surge and Uncertainty

rewrite this title South Korea Halts CBDC Phase 2 Testing Amid Stablecoin Surge and Uncertainty

June 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.