Ethereum is trading above $2,500 amidst recent market volatility and uncertainty, with bullish momentum building as investors anticipate a potential uptrend.
Top analyst Ted Pillows suggests a Wyckoff accumulation pattern for Ethereum, signaling smart money positioning and potential for a breakout above $2,600 to reach $3,000 in the short term.
ETH continues to show strength, holding above key support levels and trading within a tight range of $2,400 to $2,700, indicating a forthcoming decisive breakout that could define its path for the rest of the year.
If the Wyckoff pattern unfolds as predicted by Pillows, Ethereum could target $4,000 in Q3 after surpassing $3,000, driven by increased confidence, broader altcoin participation, and sustained ETH demand within the crypto ecosystem.