Two Bullish Ethereum Patterns Emerge — Traders Eye $7.6K and $10K Breakouts

Two widely shared Ethereum charts on X point to separate bullish roadmaps, with one tracking a possible inverse head and shoulders and another mapping a Wyckoff accumulation sequence. Together, the posts outline breakout levels and upside targets, while both authors stress the need for confirmation as the structures develop. Ethereum Weekly Chart Shows Inverse Head and Shoulders Setup Ethereum may be forming an inverse head and shoulders pattern on the weekly chart, according to a TradingView graphic shared by analyst Bitcoinsensus on X. The chart marks a left shoulder in mid 2024, a deeper pullback that forms the head in early 2025, and a possible right shoulder developing later in the year. Together, these swings create a structure traders often track as a potential trend reversal signal. Ethereum U.S. Dollar Weekly Chart Inverse Head and Shoulders. Source: Bitcoinsensus on X At the same time, the chart highlights a rising neckline resistance stretching across multiple prior highs. Ethereum previously failed to hold above that line, which makes it a key technical level if the pattern continues to develop. The analyst labeled several historical highs along the neckline, showing repeated rejection before price rotated lower. If Ethereum clears that resistance with follow through, the chart projection points to a move above 7,000 dollars, with an extended target near 7,600 dollars. However, the post stressed that the setup remains incomplete and depends on confirmation over time, since inverse head and shoulders patterns on higher time frames can take months to resolve. Ethereum Chart Maps Wyckoff Accumulation Phases as Trader Flags 10,000 Dollar Target Meanwhile, a chart shared by crypto trader Merlijn The Trader on X frames Ethereum ’s recent market structure as a Wyckoff accumulation setup, pointing to labeled phases that include a “spring,” a “test,” and a “last point of support” as price recovered from a mid cycle dip. The graphic uses an Ethereum U.S. dollar two day Coinbase chart and overlays the Wyckoff Accumulation Schematic, which traders use to describe a transition from range trading into a sustained uptrend. Ethereum U.S. Dollar 2 Day Wyckoff Accumulation Schematic Chart. Source: Merlijn The Trader on X The chart marks earlier cycle peaks as an “automatic rally” and “selling climax,” then shows a prolonged consolidation zone through 2022 and 2023. It also highlights a sharp downside break labeled as the spring, followed by a rebound and a retest area labeled “test,” which the post presents as a key step before a broader breakout attempt. Merlijn’s post argues Ethereum could be moving from the late accumulation phases into Phase E, a stage Wyckoff traders associate with “markup,” or a strong directional advance. The chart draws a projected path that rises through prior resistance bands and extends toward a five digit area, while the post points to 10,000 dollars or higher as the target if the pattern continues to follow the schematic.