Ethereum Edges Toward Higher Targets as Analysts Note Breakout Structure

IncomeSharks notes repeated support reclaims, indicating structured buying across $3,600 and $4,000 zones.

Profit taking at $4,800 suggests disciplined scaling strategies rather than broad distribution pressure.

Cas Abbe projects Wyckoff breakout phase, forecasting an 80%-100% rally within eight weeks.

Ethereum continues to build upward pressure after recovering from a multi month correction. The asset is trading at $4,370, after quickly reclaiming the $4,000 support during a brief dip. The level has acted as a key pivot across several attempts, repeatedly tested through fakeouts before a decisive rebound. This return above former resistance establishes $4,000–$4,300 as a holding zone ahead of higher target attempts.

Repeated Support Reclaims

According to market commentator IncomeSharks, Ethereum has consistently retained momentum despite drops. From January to April 2025, price action trended lower under a descending resistance line, though multiple Buy signals appeared around defined support zones

Source: IncomeSharks on X

These signals suggested ongoing accumulation during weakness rather than deterioration. A decisive shift came in May when Ethereum broke above that resistance and reclaimed earlier lost levels.

That breakout transitioned the outlook from corrective to expansionary. Price progressed past $3,600 and $4,000, reaching near $4,800 before facing profit taking. Several “Selling 10%” labels marked staged exits at those resistance areas, showing a measured strategy rather than aggressive distribution

Each subsequent retracement met renewed demand, particularly around $3,600 and later $4,000. These repeated reclaims support a pattern of controlled consolidation rather than exhaustion.

Key Levels and Target Zones

IncomeSharks outlined two main objectives. The first is around $4,800, where earlier profit taking occurred. A sustained break above that region would direct attention toward a higher number at $6,942

The gap between both targets suggests notable potential for continuation if current support holds. However, the same framework shows risk boundaries. Losing the $4,000 base would expose $3,600 once again, eroding near term bullish structure.

This structured approach, scaling out at resistance and accumulating on confirmed supports, indicates disciplined positioning across both institutional and retail segments. The steady absorption of pullbacks aligns with a broader shift in behavior following the May breakout.

Accumulation Outlook

A separate perspective from analyst Cas Abbe supports the accumulation view. He stated that Ethereum’s Wyckoff structure is now entering its final phase, often associated with parabolic expansion

Abbe projected that a strong platform around $4,000 could lead to an 80% to 100% rise within six to eight weeks. His estimate places potential acceleration within three to four weeks, dependent on continued stability at current levels.

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