Can ETH break through $10K? The Wyckoff pattern provides a clear answer

Ethereum is up 24% this week, currently hovering around $2.93K. At this level, bulls are brewing the next wave of attack. According to the latest on-chain analysis, ETH could break through to $6,000-$10,000 within the next 6-8 months, with the most aggressive targets even pointing to $20,000.

Wyckoff Accumulation Pattern: $6,000 is the First Confirmed Target

The most straightforward signal comes from the Wyckoff accumulation pattern. ETH has formed a typical accumulation zone over the past few months, continuously digesting selling pressure. When the accumulation phase ends, Wyckoff theory indicates a decisive upward breakout.

The key “Strength Signal”(Sign of Strength, SOS) has already appeared—ETH successfully broke through the $4,200 resistance level. According to standard Wyckoff procedures, the next step should be a short-term pullback to confirm the “Last Point of Support”(Last Point of Support, LPS). If this support holds, the price will enter an accelerated upward phase.

Based on the height of the accumulation zone, the first target price points to $6,000.

Symmetrical Triangle Breakout: $8,000 within Sight

From the monthly chart, ETH has broken above the upper boundary of a multi-year symmetrical triangle, with the breakout occurring in the $4,000-$4,200 range. Breakouts from long-term patterns often have strong momentum.

Using the equal height projection rule of triangles, the potential target price is $8,000, representing over 170% increase from the current price. It’s worth noting that historically, every long-term triangle breakout has been accompanied by increased volume and a shift in market sentiment, and this time may not be an exception.

Repeating Historical Patterns: From $1,750 Support to $20,000 Possibility

Even more interesting is that ETH’s price pattern has historically shown a similar “bottoming out and then surging” rhythm.

In January 2017 and April 2020, ETH experienced significant rallies after retesting bottom support. The 2017 rally exceeded 8,000%, and in 2020, it rose 950%, with both cycles lasting about 12 months before topping out.

In April 2025, ETH formed clear support around $1,750-$1,850 and began a strong rebound. If this historical pattern repeats, combined with weighted fractal analysis, a conservative target is $10,000, while an aggressive target could reach $20,000, with the entire rally potentially extending until April 2026.

Summary of the Current Situation

Multiple technical indicators point in the same direction: ETH is entering a new upward cycle. The Wyckoff pattern suggests a mid-term target of $6,000, the triangle breakout hints at $8,000, and historical patterns outline a larger upside potential. The key is whether the recent pullback support can hold; once confirmed, the probability of subsequent breakthroughs will greatly increase.