Ethereum (ETH) is up 4.2% over the past week, currently trading in the mid-$2,500 range.
Analysts believe Ethereum is approaching the Wyckoff Accumulation pattern's 'liftoff' phase, potentially signaling a new bullish trend.
Some analysts foresee Ethereum breaking above $3,000 and possibly reaching its all-time high, while others warn of a potential drop to $2,200 based on a rising wedge pattern.
Ethereum network activity is increasing, with daily transactions nearing ATH levels and active addresses hitting new highs, while ETH liquid staking is also seeing growth.