Ethereum Price Enters Critical Accumulation Zone as Market Awaits Breakout

Ethereum’s price continues to draw attention as it trades within a clearly defined Wyckoff accumulation structure, signaling a potential major move ahead. The asset has remained confined inside a range where strong support clusters overlap with increasing institutional activity, making the current zone a decisive battleground for buyers and sellers.

ETH’s previous decline established the upper boundary of this range near $3100, the first major reaction point where selling pressure intensified. Its selling climax formed close to $2680, marking the deepest discount level in the cycle and triggering aggressive buying. Price later surged roughly 15% toward $3097, confirming an automatic rally. A secondary test around $2700 reinforced demand in the lower region, tightening the structure and centering market control around the $3000–$3100 zone.

A brief fakeout near $3471 collected liquidity before ETH slipped back into the range. As of now, Ethereum trades around $3179, resting just above key support. Historically, this type of price behavior precedes strong expansions as traps help larger players regain dominance. From here, ETH could rebound off the $3000–$3100 region and push toward $4000, or it may dip toward $2600 to complete a Wyckoff spring before marking up. Both paths still point to a medium-term recovery toward $4000, with timing being the only variable.

Institutional confidence supports this outlook. Spot Ethereum ETFs recorded $57.6M in net inflows on Wednesday, with BlackRock alone adding $56.5M during a corrective phase—an indication of strong conviction at current prices. Such inflows reduce available supply and reinforce support zones.

On-chain data from Glassnode identifies two major whale clusters: 2.8M ETH near $3150 and 3.6M ETH near $2800, showing deliberate accumulation from large holders who often defend these levels. With ETH trading between these clusters, the $3000–$3100 band remains the most critical decision zone.

Overall, strong institutional inflows, whale accumulation, and Wyckoff structure alignment increase the probability of ETH sustaining support and eventually reclaiming higher levels.