Two positive Ethereum trends seen as traders target $7.6K and $10K breakouts

Two distinct Ethereum charts are circulating that suggest bullish trajectories, each outlining potential breakouts toward different price levels. These graphs depict an inverse head and shoulders pattern and a Wyckoff accumulation setup, both indicating significant upside potential. The authors of these analyses emphasize the importance of confirmation as the structures evolve.

The first chart, shared by analyst Bitcoinsensus on X, proposes that Ethereum is in the process of forming an inverse head and shoulders pattern on the weekly timeframe. This pattern consists of a left shoulder in mid-2024, a prominent head formed in early 2025, and a potential right shoulder emerging later in the same year. Traders often view this pattern as a signal for a possible trend reversal.

In addition to the inverse head and shoulders pattern, the chart highlights a resistance line that serves as the neckline for the pattern, extending across multiple previous highs. Ethereum has struggled to sustain levels above this resistance line in the past, making it a critical technical level to watch as the pattern develops further. If Ethereum successfully breaches this resistance level and confirms the pattern, the chart suggests a move above $7,000, with a further target near $7,600. However, the analyst notes that the pattern is still evolving and requires confirmation over time, as patterns on higher timeframes can take months to play out.

On the other hand, a separate chart shared by crypto trader Merlijn The Trader on X presents Ethereum’s market structure as a Wyckoff accumulation setup. This chart outlines various phases, including a “spring,” a “test,” and a “last point of support,” as Ethereum recovers from a mid-cycle dip. The Wyckoff Accumulation Schematic suggests a transition from range-bound trading to a sustained uptrend.

The chart identifies earlier cycle peaks as an “automatic rally” and a “selling climax,” followed by a prolonged consolidation period in 2022 and 2023. It also highlights a sharp downside break labeled as the spring, subsequent rebound, and retest phase, which is seen as a crucial step before a potential breakout. According to the post, Ethereum may be moving into Phase E, associated with a “markup” phase, indicating a strong directional move to the upside. The projected path in the chart rises through prior resistance levels, aiming toward a five-digit price point, with $10,000 or higher as the target if the pattern aligns with the schematic.

Overall, these two charts provide intriguing insights into potential bullish scenarios for Ethereum, highlighting key levels to watch and offering upside targets for traders to consider.Confirmation of these patterns over time will be crucial to validating the anticipated breakouts.