- Pioneer altcoin Ethereum seems to be following Wyckoff to the letter.
- This has led to traders growing bullish on ETH once again.
- If the structure builds, the price of ETH could hit $10,000 ATH.
The pioneer altcoin asset, Ethereum (ETH), has had a disappointing cycle so far, and if the cycle end call is true, then ETH has had only 1 price pump this cycle, taking it form $4,8000 to $4,9000 ATH targets. Many analysts believe the asset failing to surpass $5,000 led to no altseason this cycle. Despite the gloom, bullish sentiment remains, especially as super cycle calls grow stronger. Presently, the pioneer altcoin Ethereum seems to be following Wyckoff to the letter, leading to traders growing bullish on ETH once again.
Pioneer Altcoin Ethereum Seems to be Following Wyckoff to the Letter
ETehreum (ETH) was expected to be one of the most bullish assets this bull cycle. According to many analysts, the price of ETH was expected to enter a price discovery and surpass the $5,000 price range, leading to a glorious and bullish altseason peak phase, where other promising altcoins would go on to hit new ATH prices over the coming weeks and months. Instead, the price of ETH failed to hit $5,000 and instead dropped below $3,000.
Thus, sentiments for altseason fell dramatically and bear market calls went on to rise. As we can see from the post above, Lark Davis, a prominent figure in the space, declares 2025 to have been a very depressing year for crypto. At the moment, BTC is down 30% from its ATH, while the entire altcoin market has been decimated, and the price of gold is up 70% YTD, while silver is up 160%.
In addition, he states that the previous crypto cycles saw a huge influx of retail capital whilethis cycle saw that most of the bidding has been done by institutions, DATs, and Saylor. Why would retail money flow into crypto when traditional finance and precious metals have given such significant upside with way less risk? The post goes on to lament over the fact that even if liquidity were to come back, most of it will go to BTC and not altcoins.
Traders Grow Bullish on ETH Once Again
Despite the low sentiments for ETH, altcoins, and altseason, other reputed and seasoned traders ignore emotions and look at facts, statistics, and the numbers. As we can see from the post above, this reputed analyst says that the pioneer altcoin Ethereum (ETH) is currently following Wyckoff to the letter. He marks the spring, test, and LPS forming on the ETH price chart as explained in the video accompanying the post and concludes that if the pattern plays out, the structure will bring ETH to a new ATH of $10,000.
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